One battle in the copyright war is over. MP3.com
announced Friday, June 9, that it has reached a settlement with BMG Entertainment
and Warner Music Group
, two of the music industry’s "Big Five" that had sued the online music company for copyright infringement. Although MP3.com will have to pay some serious damages---possibly as much as $100 million once the other litigants resolve their cases---it gained a licensing agreement with the two major labels that could be worth far more in long-term business. "It's a heck of a price to pay to get the keys to the kingdom," analyst Phil Leigh told the Wall Street Journal
, "But now they have the crown jewels."