EMI Group

EMI Accepts $4.7 Billion Buyout From U.K. Private Equity Firm

Authored by Mark Hefflinger on May 21, 2007 - 12:22pm.

London - Major record label EMI announced on Monday that it has accepted a buyout offer of about $4.7 billion from British private equity firm Terra Firma.

Yahoo Settles With EMI Group Over Launchcast Infringement Suit

Authored by Mark Hefflinger on October 3, 2003 - 5:17am.

Berlin -- Yahoo Inc. announced that it has settled a copyright infringement suit with EMI Group over Launchcast, Yahoo's Internet radio service. Yahoo said that it would make a one-time payment of an undisclosed amount under the agreement, which also grants Yahoo a license to stream EMI songs over Launchcast. EMI, Sony Music, Universal Music and Bertelsmann's BMG filed the copyright infringement lawsuit against Yahoo last May. The Internet company has already settled with Sony and Universal, while the lawsuit with BMG is still pending.

tags: Yahoo | Infringement | EMI Group | Launchcast |