Song BMG

XM Settles Lawsuit with Sony BMG Over Pioneer Inno

Authored by Mark Hefflinger on February 1, 2008 - 8:18am.

Washington - XM Satellite Radio (NASD: XMSR), the provider of satellite radio services in the process of merging with rival Sirius, said on Friday that it has settled a lawsuit filed by major label Sony BMG (NYSE: SNE) relating to the Pioneer Inno, a portable satellite radio with advanced recording features. The financial terms of the settlement were not disclosed.