Several Major Record Labels Settle $621M Copyright Infringement Lawsuit Against the Internet Archive

Several major record labels and rights holders have settled their $621 million copyright infringement suit against the Internet Archive over its efforts to digitize, preserve, and share 78 rpm records. 

Attorneys for both sides filed the joint notice of settlement in the California district court on Monday, Sept. 15. It states only that the various plaintiffs — led by Universal Music Group and Sony Music Entertainment — and the Internet Archive “have settled this matter.” Terms of the settlement are still “pending,” and once they’re hashed out, both sides will file a stipulation to dismiss the case. That is expected to arrive within 45 days. 

Read more at Rolling Stone