EMI and Infospace Reach Settlement on Ringtone Royalties Lawsuit

EMI, in the midst of its own management reorg, has settled its ringtone royalties lawsuit with Infospace, 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. At that time it alleged that Infospace and its then-subsidiaries Moviso and Premium Wireless Services had been underpaying royalties and selling ringtones for songs to which they held no licensing rights…EMI’s publishing also alleged InfoSpace (NSDQ: INSP) was selling expressly restricted songs, such as John Lennon

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