Skip to main content


agreed to pay $53.4 million to settle a copyright infringement suit with

Universal Music Group

, a division of


(VO) - Get Vanguard Mid-Cap ETF Report


Universal had claimed as many as 10,000 counts of infringement. has had numerous copyright infringement problems, which it settled out of court, with companies such as



TheStreet Recommends

Time Warner's


Warner Music Group



(SNE) - Get Sony Corp. Report

Sony Music Entertainment


BMG Entertainment

, a division of


, after a judge ruled earlier this year that had violated copyright laws.

Universal will also acquire warrants that would enable it to take a significant stake in MP3.