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XM, UMG Settle Copyright Suit Over Recording Device

Law360 (December 18, 2007, 12:00 AM EST) -- Universal Music Group Inc. and XM Satellite Radio Holdings Inc. have settled a lawsuit over whether an XM receiver with built-in recording ability violates Universal's copyrights, the companies announced Monday.

As part of the deal, Universal has become the first company to reach a “multi-year deal covering all XM radios with advanced recording functionality,” according to a joint press release from the companies. They did not disclose any further details of the settlement.

"We are pleased to have resolved this situation in an amicable manner," said...
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