Petteri Pyyny
28 Jul 2000 16:24
MP3.com and EMI have settled their legal issues related to My.MP3.com service.
MP3.com was sued by RIAA (which represents five major record labels) earlier this year and was found guilty in April by U.S. district court in New York.
Before this settlement, MP3.com has successfully settled with two other labels (Time-Warner and BMG). MP3.com is still in talks with Sony and Seagram to settle the law suit. If they don't succeed, MP3.com is going to face probably billions of dollars in court-imposed damages.