MP3.com Settles With Universal
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After a judge delayed a ruling in the copyright case filed against MP3.com by Universal Music Group, the two companies have apparently today come to an agreement. Under the agreement, MP3.com has agreed to pay UMG $53.4 million in exchange for licensing of the UMG catalog currently on My.MP3.com. UMG also locked rights to purchase warrants in the company if desired according to the Newsbytes release.