TVT Records has settled its copyright-infringement suit against MP3.com, a division of Vivendi Universal, Billboard Bulletin reports. Details of the settlement were not disclosed, but Terri Durham, VP

TVT Records has settled its copyright-infringement suit against MP3.com, a division of Vivendi Universal, Billboard Bulletin reports. Details of the settlement were not disclosed, but Terri Durham, VP of legal affairs for MP3.com, describes the terms as "amicable." Last Monday, TVT and MP3.com resumed their litigation in U.S. District Court in New York; a federal judge in June declared a mistrial in the case after jurors erroneously awarded the label $290,000 in damages, instead of an intended $3 million.

At that time, TVT president Steven Gottlieb hailed the decision, saying, "Our claim was worth substantially more than $3 million." A TVT spokesperson yesterday (Nov. 12) said the company is "happy" with the settlement.

Last November, the Universal Music Group (UMG) settled its copyright infringement lawsuit against MP3.com for $53.4 million. The next day, UMG announced that it would share half of the award with it artists. Along with TVT, MP3.com still faces lawsuits brought last year by Zomba and the Unity Entertainment Group over the alleged improper inclusion and use of the companies' recordings on the My.MP3.com streaming service.

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