newswire, breaking stock news, business news and commentary for music sector

Wednesday, May 17, 2006

The Recording Industry Association of America VS. XM Satellite

The Recording Industry Association of America is suing XM Satellite Radio for “massive wholesale infringement" because of Inno, a $400 iPod-like product that lets XM listeners to record up to 50 hours of music and automatically parses recordings by song and artist.The "Inno," which is manufactured by Japan's Pioneer Corporation, is sold by XM under the slogan, "Hear it, click it, save it."The lawsuit seeks $150,000 in damages for every song copied by XM Satellite customers using "Inno"

XM Satellite intends to fight the lawsuit vigorously and said the labels are using the court systems as way to influence business negotiations. music and entertainment news