EMI Settles Ringtone Litigation With InfoSpace
July 8, 2008 at 5:56 AM (PT)
EMI has settled the ringtone royalty lawsuit it filed in JANUARY against mobile content distributor INFOSPACE, DMWMEDIA reported, citing an INFOSPACE regulatory filing. EMI had sought in excess of $10 million in damages for alleged breaches of contract, as well as statutory damages for alleged copyright infringement that ran to "many millions" of dollars.
The label said INFOSPACE was selling ringtones for which it did not hold licenses, such as for JOHN LENNON's song "Imagine," and also selling them in territories for which it was not authorized. INFOSPACE denied the charges and filed a $1.5 million countersuit against EMI, claiming breach of contract and tortious interference.
While terms of the settlement were not disclosed, INFOSPACE said it does not expect the settlement will materially and adversely affect its business or results of operations.