So Mel Karamazin’s posturing is just that, for now: his company Sirius has reached an agreement with EMI over its S50 portable radio player that doubles as an MP3 player, reports Forbes.com. The deal, which will allow Sirius to market the device without fear of a pitched legal battle, follows pacts Sirius made with the three other major music labels last month.
Music executives had argued that Sirius’ player, which allows users to record up to 50 hours of music without paying any additional fees, violated earlier agreements they had signed with the satellite service. The deal reportedly call for Sirius to pay the labels a fee for each device sold, and cap the number of gadgets that Sirius will sell. Sirius is marketing the player for $330.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post