Although the specifics of that previously reported settlement between SonyBMG co-owners Bertelsmann and EMI with regards the former's financial support of the original Napster P2P company back in the day are still unknown, the Times has reported the German conglom will pay the London major $100 million, which is rather a lot and should help EMI reboost it's depleting cash reserves.
Mar 30, 2007
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1 min read
Bertelsmann may have paid $100 million for EMI settlement
The Times reports that Bertelsmann will pay EMI $100 million under a settlement over its financial support of the original Napster.