Canadian Music Industry Copyright Class Action Settled

limber writes "The largest Canadian copyright class action suit has been settled for $50 million. The offenders? The four labels comprising the Canadian Recording Industry Association — EMI, Sony Music, Universal Music, and Warner Music. Ahem." The terms of the settlement are a compromise — anyone with works on the pending list can receive compensation while the music industry is absolved of further liability. The two major Canadian licensing agencies (CMRRA and SODRAC) will be tasked with improving the licensing process to prevent future abuse.