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In what is being dubbed “breakthrough that will facilitate new ways to offer music to consumers online” by the music industry groups representing songwriters, music publishers, record labels and digital music websites, they have have ended a seven-year dispute over two types of music royalties. The agreement applies to on-demand music streaming from the likes of Imeem, Napster (NSDQ: NAPS) and upcoming MySpace Music in which a user can select the songs that they want to hear, but doesn’t keep any copies.
The new agreement was between Digital Media Association (DiMA), the National Music Publishers