Financial terms of the settlement were not disclosed, but TVT said it would allow the master recordings and musical compositions it owns or controls to be used for file sharing on the Napster service.

TVT DROPS SUIT AGAINST NAPSTER

Don’t Worry, This Won’t Affect Your Ability To Keep Downloading All The Music You Desire
Independent music label TVT Records Thursday (1/25) dropped its billion dollar copyright infringement claims against song-swap service Napster.

TVT President Steven Gottlieb said Napster's evolution towards becoming a legitimate online service through its alliance with Bertelsmann sparked his decision to end the lawsuit, which was originally filed in June (hitsdailydouble.com, 6/8). In October, Bertelsmann signed a controversial deal with the legally challenged online site, saying it would drop its suit once Napster was transformed into a fee-charging service that pays royalties to artists and record companies.

Since Bertelsmann's BMG is still part of the five major labels' continuing litigation against Napster, TVT becomes the first record label to fully settle with the company, both parties said Thursday.

Financial terms of the settlement were not disclosed, but TVT said it would allow the master recordings and musical compositions it owns or controls to be used for file sharing on the Napster service.

As part of the deal, Gottlieb has also agreed to act as an advisor to Napster.

NEW RELEASES:
SWIFT UPS THE ANTE
Does she ever. (4/20a)
HITS LIST ENTERS
PLAYOFF MODE
Will scoring records be broken this week? (4/19a)
HOUSE PASSES BILL THAT COULD RESULT IN U.S. TIKTOK BAN
Meanwhile, on Capitol Hill... (4/20a)
BLACKSTONE ASSEMBLING $1.5B BID FOR HIPGNOSIS SONGS FUND
A white-knuckle moment (4/20a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)