AfterDawn: Tech news

Universal and case closed

Written by Petteri Pyyny (Google+) @ 14 Nov 2000 17:05

U.S. District Judge Jed Rakoff on Tuesday awarded $50 million in statutory damages and $3.4 million in legal fees to Universal in lawsuit involving's music service.
Universal made a statement after the case was closed that it will award approximately half of the sum directly to their artists.

UMG and also agreed to licence that Universal will licence their music catalog to service. Universal also will have a possibility to buy 5 percent of's stocks.

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