Jari Ketola
25 Feb 2004 13:23
CDNow, a division of the record label Bertelsmann, and Net company SightSound Technologies have settled their patent dispute out of court. CDNow agreed to pay $3.3 million to SightSound for dropping the lawsuit.
SightSound, who claims to own patents to the process of selling digital downloadable music over the Internet, sees the agreement as a victory. The company is likely to approach other companies with similar demands asking them to license SightSound's technology in order to avoid a lawsuit.
CDNow has been powered by Amazon.com since December 2002. Amazon takes care of order fulfillment, inventory, content and customer service for CDNow's site.
Source: News.com