EMI Settles With XM Over Inno

ALL FOUR MAJORS HAVE WITHDRAWN LAWSUIT

XM Satellite Radio and EMI Music today announced that they have resolved the lawsuit  brought in May of 2006 by EMI and the other three major labels against XM over its Pioneer Inno, a portable satellite radio with advanced recording features. The companies did not disclose terms of the agreement.

Similar agreements were announced in December 2007 between XM and both Universal Music Group and Warner Music Group and February 2008 between XM and SONY BMG. XM must still settle with several smaller labels and publishers.