Santa Monica, Calif. - October 2, 2003 -- Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company today announced that it has settled, as to EMI Music, the copyright infringement suit brought by EMI and other major record labels in connection with Yahoo!'s Internet radio service, LAUNCHcast. In settling EMI's claims, Yahoo! will make a one-time payment to EMI and the two companies have entered into a non-exclusive license to stream EMI-controlled recordings in LAUNCHcast globally.
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!'s global network includes 25 World properties and is available in 13 languages.
About EMI Music
EMI Music is the world's largest independent record company, operating in nearly 50 countries around the world. Its record labels include Angel, Astralwerks, Blue Note, Capitol, EMI, EMI Classics, Manhattan, Mute, Parlophone and Virgin.
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