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XM settles with Warner Music, agrees new deal

XM Satellite Radio and Warner Music Group, the world’s third largest music company, said on Friday they had settled a lawsuit brought by the music company over XM’s portable satellite radio with advanced recording features. The companies did not disclose terms of the deal, which is a multi-year agreement that covers current XM radios and future devices.

XM settled a similar dispute with the world’s largest music company Universal Music Group on December 17.