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Universal Music Group (UMG) and XM Satellite Radio Reach Agreement on Pioneer

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– December 18, 2007Posted in: Urban/M - Urban/AC

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New Agreement Settles Dispute and   Covers All Receivers in the XM Product Linewith Recording Functionality

Universal Music Group (UMG), theworld's leading music company, and   XM Satellite Radio, the nation's leadingsatellite radio company, today announced that they have resolved the lawsuitbrought by UMG against XM over its Pioneer Inno, a portable satellitereceiver with advanced recording functionality.  The companies did notdisclose terms of the deal.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )

As part of the agreement, UMG becomes the first music company to reach amulti-year deal covering all XM radios with advanced recording functionality,including both those currently available as well as future product releases.In addition, UMG will withdraw as a party to the complaint filed by the majorrecord companies against XM in May, 2006.
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Tags: Music Group, radio, Satellite Radio, UMG, Universal, Universal Music, Universal Music Group, xm, XMLOGO

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