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MP3.com

(MPPP)

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

Universal Music Group

, a division of

Seagram

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.

Universal had claimed as many as 10,000 counts of infringement.

MP3.com has had numerous copyright infringement problems, which it settled out of court, with companies such as

EMI

,

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Time Warner's

(TWX)

Warner Music Group

,

Sony's

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Sony Music Entertainment

and

BMG Entertainment

, a division of

Bertelsmann

, after a judge ruled earlier this year that MP3.com had violated copyright laws.

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