MP3.com and Seagram’s Universal Music Group reportedly agreed yesterday on a $53.4 million cash settlement that will keep the battling companies out of court.
The settlement enables the Internet music company to legally transmit the music of Universal artists such as Eminem and Willie Nelson.
In the months before announcing this final settlement, MP3.com cut deals with Warner Music Group, BMG, EMI and Sony Music Entertainment, the other four large record companies that had sued it for copyright infringement enabled by its downloading service.
