As expected, Courtney Love and Universal Music Group (UMG) have settled their long-standing contractual dispute. Under terms of the deal, Love is now free from her UMG contract and has already begun r

As expected, Courtney Love and Universal Music Group (UMG) have settled their long-standing contractual dispute. Under terms of the deal, Love is now free from her UMG contract and has already begun recording her debut album for the U.K.-based Poptones Records. The first single is expected in January; the set will feature songwriting contributions from 4 Non Blondes principal Linda Perry. UMG will receive royalties on an unspecified amount of Love's future recordings.

The settlement provides for the release of several albums from Love's late husband Kurt Cobain's band Nirvana, including an oft-discussed compilation with the unreleased song "You Know You're Right," a box set, and a collection of rarities. These projects have been held up by litigation and an ongoing media war between Love and Nirvana's surviving members, Dave Grohl and Krist Novoselic. According to a statement, "separate permissions" to move forward with the archival releases were obtained from Grohl and Novoselic.

The single-disc hits package "Nirvana" will be released Nov. 12 via UMG, while a video for "You Know You're Right" is being assembled from previously unseen footage of the band. In recent days, an unauthorized copy of the song has flooded online file sharing services and was even played on several U.S. radio stations. The track was recorded just months before Cobain's 1994 suicide. The aforementioned box set is expected to be released in 2004.

"We hope that this release will enable longtime Nirvana fans to hear some of their favorite songs in a new context," Love, Novoselic, and Grohl said in a joint statement. "At the same time, the upcoming CD will allow a whole new audience to appreciate Nirvana's music and Kurt Cobain's great talent. We are now moving forward. We thank our fans for their support."

As part of the agreement, Love also obtained ownership of unreleased recordings from her defunct band, Hole, and may collaborate with UMG on a future long-form home video. The artist has not released an album since Hole's 1998 set "Celebrity Skin."

"I'm excited to be releasing music again and rock music is starting to become very fun," Love said in a separate statement. "I plan to continue my advocacy of artists [rights] in Sacramento, [Calif.] and Washington, [D.C.], where this belongs. I look forward to joining my fellow recording artists as we look for solutions to the problems we face in the music business. We must all work together through lobbying and collective bargaining to create the opportunities that have been lacking in our careers."

"We're glad that we have resolved this amicably and wish Courtney well in all of her future endeavors," UMG president/COO Zach Horowitz added.

Meanwhile, Love has been confirmed to star as Lady Macbeth in director Luc Besson's film adaptation of William Shakespeare's "Macbeth."