X and Music Labels Settle Lawsuit | Business and Finance News

Elon Musk’s X has struck a deal to end a high-stakes legal battle with major music labels like Universal and Sony, who accused the platform of rampant copyright infringement by letting users post songs without licenses. The feud, which began with a $250 million lawsuit in 2023, saw both sides fire counterclaims — X alleging antitrust violations, labels pushing back — before now agreeing to settle and bury the lawsuits for good. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1be30e60b5abc8db