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Bertelsmann and UMG announce Napster litigation settlement

6 September 2006 21:07 by James "Dela" Delahunty | 2 comments

Bertelsmann, one of the world's preeminent media companies, and Universal Music Group, the world's leading music company have today announced a settlement in the dispute over Napster funding. Back in 2003, UMG sued the German record label for allegedly aiding copyright infringement on a huge scale by funding Napster.

As part of the settlement, UMG will receive $60 million, which includes reimbursement of legal fees and expenses and covers the resolution of the legal claims of Universal's recorded music and music publishing businesses, as well as those of BMG Music Publishing. Bertelsmann admits no liability in making this settlement.

"We are pleased to have reached an agreement with the Universal Music Group on the Napster dispute. We believe the resolution is a fair one to both parties," said Thomas Rabe, Chief Financial Officer of Bertelsmann AG and Head of Bertelsmann Music Group. Bertelsmann had invested around $100 million in Napster.

Source:
Press Release

Permalink to this article

Universal seek MySpace, YouTube royalties (16 September 2006)

The old Napster case not dismissed (15 July 2004)

The ghost of Napster appears in court (21 April 2004)

Bertelsmann cannot be sued in Germany? (26 July 2003)

Bertelsmann seeks dismissal of $17bn lawsuit (14 July 2003)

EMI sues Bertelsmann (4 June 2003)

Universal sues Bertelsmann (13 May 2003)

Music publishers sue Bertelsmann over Napster funding (20 February 2003)

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Discuss this article!
ofolion (Senior Member) 8 September 2006 6:54
Lots of fuss over Napster again, i thought it was all over to be honest! $60 million over Napster, i can't believe they spent that much on legal fees etc. [ + quote]
derhama (Inactive) 12 September 2006 11:45
creaky got me, i'm such a tool [ + quote] This message has been edited since posting. Last time this message was edited on 12 September 2006 12:42