Universal Music Group has now dropped its lawsuit against XM Satellite Radio, according to an official statement issued on Monday. The original lawsuit, filed by major labels last year, alleged that devices like the XM-compatible Pioneer Inno unfairly allow users to record and time-shift programming. The challenge set the stage for a potentially important precedent, though Universal is now bowing out of the action.
Instead, Universal Music chief Doug Morris pointed to a multi-year deal that covers a range of advanced XM Satellite receivers. "We are pleased to have resolved this situation in an amicable manner," said Morris. "We pride ourselves on empowering new technology and expanding consumer choice." The top-level description of the agreement hinted at a per-device payment arrangement, though neither party would offer settlement details.
The resolution could pave the way for similar agreements with other majors, and XM Satellite president and chief executive Nate Davis invited others to forge amicable accords. Shares of XMSR fell on the news.
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