Universal Music Group and XM Satellite Radio have resolved the lawsuit brought by UMG against XM over its Pioneer Inno.
As part of the agreement, UMG will be the first music company to reach a multi-year deal covering all XM radios with "advanced recording functionality," including both those currently available as well as future product releases. The question remains: with this new agreement will XM be able to provide Inno-like recording capabilities in other products? It seems that other products have been crippled to only 10-hours worth of recording - hopefully this will mean that recording capacity can be raised.
In addition, UMG will withdraw as a party to the complaint filed by the RIAA against XM back in May, 2006. In that complaint, the RIAA is seeking $150,000 for each song saved by the Inno. Thankfully, UMG is no longer part of that ridiculous lawsuit.
"Our agreement is a win for everyone involved, especially for consumers," said Nate Davis, President and CEO, XM Satellite Radio. "We commend UMG for being the first music company to take this step forward with us and look forward to continuing our discussions with our other partners in the music industry."
The terms of the deal were not disclosed.
UMG is the largest of the Big Four record labels with roughly 25.5% market share.