Bertelsmann and Universal Music Group Announce Settlement in Napster Litigation

Bertelsmann, one of the world’s preeminent media companies, and Universal Music Group, the world’s leading music company, have jointly announced a settlement of the Napster litigation.

As consideration for this settlement, Universal Music Group will receive $60 million (US), which includes reimbursement of legal fees and expenses and covers the resolution of the legal claims of Universal’s recorded music and music publishing businesses, as well as those of BMG Music Publishing. Bertelsmann admits no liability in making this settlement.

“We are pleased to have reached an agreement with the Universal Music Group on the Napster dispute. We believe the resolution is a fair one to both parties,” said Thomas Rabe, Chief Financial Officer of Bertelsmann AG and Head of Bertelsmann Music Group.

For further questions, please contact:

Andreas Grafemeyer

Bertelsmann AG

Phone: +49 – 52 41 – 80 – 24 66

andreas.grafemeyer@bertelsmann.de

Liz Young
Bertelsmann Inc.
Phone: +1 – 212 782 - 90 09
liz.young@bertelsmann.com

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