"No details of the settlement have so far been released, but a court filing on Monday confirmed that the Internet Archive and UMG Recordings, Capitol Records, Sony Music Entertainment, and other record labels "have settled this matter." More details may come in the next 45 days, when parties must submit filings to officially dismiss the lawsuit, but it's unlikely the settlement amount will be publicly disclosed."
"Days before the settlement was announced, record labels had indicated that everyone but the Internet Archive and its founder, Brewster Kahle, had agreed to sign a joint settlement, seemingly including the Great 78 Project's recording engineer George Blood, who was also a target of the litigation. But in the days since, IA has gotten on board, posting a blog confirming that "the parties have reached a confidential resolution of all claims and will have no further public comment on this matter.""
A settlement resolved the lawsuit between music publishers/record labels and the Internet Archive over the Great 78 Project, which preserves early shellac-record recordings. No settlement details have been released; a court filing confirmed the parties "have settled this matter" and filings to dismiss the case may appear within 45 days. Record labels initially said everyone but the Internet Archive and its founder had agreed to a joint settlement; the Internet Archive later posted that the parties reached a confidential resolution and would make no further public comment. Labels previously alleged damages ranging from $400 million to $700 million, while supporters argued actual damages were far lower.
Read at Ars Technica
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