XM Radio and Warner Music Ink Multi-Year Agreement

XM Satellite Radio and Warner Music Group have announced that they have resolved the lawsuit brought by Warner Music Group against XM over its Pioneer Inno, a portable satellite radio with advanced recording features. The companies did not disclose terms of the deal.

Warner Music Group is the second music company to resolve its dispute with XM regarding radios with advanced recording functionality. A similar agreement between XM and Universal Music Group was announced on December 17.

Both agreements are multi-year deals that cover current XM radios and future devices. Warner Music Group has withdrawn as a party to the complaint filed by the major record companies against XM in May 2006.

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