Universal Poised To Win Lawsuit Against Bolt.com
February 12, 2007 at 7:16 AM (PT)
UNIVERSAL MUSIC GROUP is poised to win a small battle in its war to claim royalties from sites that allow users to upload videos that contain its music. UMG is in the final stages of negotiating a settlement with BOLT.COM, an online community that it sued last Fall (NET NEWS 10/18/06) over copyright infringement.
BOLT has agreed to admit that the uploads were a violation of UNIVERSAL's copyrights and to pay a settlement valued at several million dollars, said BOLT CEO AARON COHEN. BOLT will also agree to pay royalties in the future any time its users submit videos that contain UNIVERSAL music.
PETER LOFRUMENTO, a UNIVERSAL spokesman, confirmed that the company was in talks with BOLT. The settlement could be concluded as soon as this week. BOLT is also negotiating similar royalty arrangements with other music labels, including WARNER MUSIC GROUP, COHEN said.