Washington
- XM Satellite Radio (NASD: XMSR) said on Tuesday that it has agreed to settle a lawsuit
brought against the company by major record label EMI Music over its portable
satellite radio with advanced recording features.
The companies did not
disclose terms of the agreement.
EMI originally filed suit against XM in 2006
over its Inno radio, which the labels argued overstepped copyrights by allowing
users to record and replay songs heard on XM.
XM has reached similar deals in
recent months with Universal Music Group, Warner Music Group (NYSE: WMG) and Sony (NYSE: SNE) BMG.
Related Links:
http://xmradio.mediaroom.com/index.php?s=press_releases&item=1624
http://www.xmradio.com/innodemo
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