Internet Archive's big battle with music publishers ends in settlement
10 hours ago
- #music preservation
- #copyright
- #legal settlement
- A settlement was reached in a lawsuit between music publishers and the Internet Archive over the Great 78 Project.
- No details of the settlement have been released, but a court filing confirmed the resolution.
- The Internet Archive and record labels like UMG, Capitol, and Sony Music settled the case.
- The settlement is confidential, and no further public comments will be made.
- The lawsuit could have financially ruined the Internet Archive, with initial damages claimed at $400 million.
- Despite arguments of low downloads and streams, labels increased estimated damages to $700 million in March.
- Some industry experts suggested the labels might regret their aggressive stance in the future.