XM Settles With Warner Over Inno

From Peter Kafka, Silicon Valley Insider:

XM has settled a lawsuit with Warner Music over a portable XM device that lets users record music directly from the satellite radio service. Execs there won't talk about the settlement, but we can tell you that deal requires XM to pay WMG a fee for each "Inno" player it sells. Last week Universal Music Group inked a similar pact, which means that the satellite company still has to come to terms with Sony-BMG and EMI Group before it can extract itself from court proceedings.

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