Seven years after it changed the way people consume music and five years after it shut down, Napster has finally ended its litigation with the record labels.
German conglom Bertelsmann, which bought Napster’s assets in 2002, settled a lawsuit with EMI on Monday. Diskery was the last one still in litigation with Bertelsmann over the P2P music-swapping service.
Terms of the settlement were not disclosed.
Deal doesn’t mean Bertelsmann is completely done with legal costs related to its ill-fated acquisition of the Napster assets; several music publishers still have complaints pending.
EMI’s settlement, as well as one with Universal Music in September, also included the diskeries’ publishing interests.
Bertelsmann sold the Napster name to Roxio in 2003. Company, which has since changed its name to Napster, launched a digital musicstore in 2003.