July 5, 2008

EMI and Infospace Reach Settlement on Ringtone Royalties Lawsuit

john_lennon_imagine.jpg EMI has settled its ringtone royalties lawsuit with Infospace reports MocoNews, though the terms were not disclosed.

"It did disclose the settlement in an SEC filing late yesterday. Infospace was sued by the music label in early 2007, to the tune of $100 million for underpaying royalties on using its music for ringtones.

... EMI’s publishing also alleged InfoSpace was selling expressly restricted songs, such as John Lennon’s “Imagine,” and selling ringtones in worldwide markets where it had not been granted license. Since then Infospace has closed down or disposed off its mobile content related businesses."

emily | 5:26 PM | Copyright Protection | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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