Warner Music Group, the world's fourth largest music company, and Bertelsmann AG, the German media conglomerate, said on Tuesday they have agreed to settle claims related to Bertelsmann's relationship with the original Napster in 2000 and 2001.

The companies said the settlement covers the resolution of the legal claims of Warner Music's recorded music and music publishing businesses. Under the settlement, Warner said in a regulatory filing that it would receive $110 million.

Bertelsmann said it admits no liability in settling.