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[FYI] MP3.com to pay out $75M-$100M to recording industry trade group
- To: debate@fitug.de
- Subject: [FYI] MP3.com to pay out $75M-$100M to recording industry trade group
- From: "Axel H Horns" <horns@ipjur.com>
- Date: Wed, 7 Jun 2000 19:31:06 +0200
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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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