Sony Music Entertainment has settled its lawsuit against Russian social networking site Vkontakte, which it accused of facilitating mass-piracy. No further details of the agreement were revealed, but according to sources the social network will soon start to monetize its own music service. […] The case is still ongoing, but as of this week Sony Music has dropped out. According to a local report Sony and VK signed a confidential settlement agreement to resolve the dispute. – Ernesto, TorrentFreak

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