Ecast, TouchTunes Settle Digital Jukebox Patent LitigationAuthored by Mark Hefflinger on April 29, 2004 - 3:19am.
San Francisco -- Ecast and TouchTunes, two makers of digital music jukeboxes placed in bars and restaurants, announced on Thursday that they have agreed to settle outstanding patent infringement suits filed against one another. Under the terms, San Francisco-based Ecast agreed to pay Las Vegas-based TouchTunes a total of $4 million. The companies also agreed to cross-license each other's technology. Both companies offer products that download MP3 files over the Internet in order to update jukebox selections, unlike CD-based jukeboxes that rely on traveling reps to physically install new CDs in each jukebox in operation.
http://biz.yahoo.com/iw/040428/066534.html http://www.touchtunes.com http://www.ecastinc.com |
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