Citing the desire to take advantage of the power of sharing audio files over the Internet, one of the larger independent record labels, TVT Records
, announced last week that it has withdrawn its copyright claims against the file-sharing company Napster
. TVT said that the basis for its decision to end the lawsuit and provide its support to Napster is "the new service Napster is evolving under the strategic alliance it recently announced with Bertelsmann AG." TVT points out that, since Bertelsmann is still technically a party to litigation with Napster, it becomes the first record label to fully settle with the beleagured Web company.