XM Satellite Radio announced today that they have settled their suit with Warner Music Group. Warner joins Universal who settled the suit last week. Terms of the settlements have not been disclosed for either suit, however, the the fact that a settlement has been reached is positive news that helps remove a cloud that has been over XM’s head for quite some time.
Universal and Warner represent two big names in the suit, and should pave the way for an outright settlement across the board with the record labels. The deals being reached cover existing as well as future devices.
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