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[FYI] MP3.com to pay out $75M-$100M to recording industry trade group



http://www.cnnfn.com/2000/06/07/bizbuzz/wires/music_wg/

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MP3 settlement near  

MP3.com to pay out $75M-$100M to recording industry trade group  

June 7, 2000: 12:32 p.m. ET  


NEW YORK (Reuters) - The five largest record labels are close to a 
settlement of a copyright infringement suit with MP3.com Inc. that 
would allow the online music site to include the labels' songs as 
part of its controversial service, a record label source told 
Reuters.  

The proposed settlement calls for San Diego-based MP3.com  (MPPP: 
Research, Estimates) to pay $75 million to $100 million to the 
Recording Industry Association of America (RIAA), the trade group 
representing the labels, in exchange for the right to use the labels' 
songs as part of the My.MP3.com service.  

[...]

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