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TVT drops lawsuit against Napster

posted onJanuary 25, 2001
by hitbsecnews

TVT Records, a large independent record label has dropped its $1.5 million dollar lawsuit against Napster. TVT executives say that they dropped
the lawsuit because of Napsters evolving business model with Bertelsmann. The new model has rumors of the service shutting down and
switching over within two weeks, I doubt it'll happen that soon but I suppose eventually Napster will have to charge for it's service. More here.

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