makes deal with Warner and BMG

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Having lost a legal battle with the top five music publishers, Sony, EMI, Universal, Warner and BMG, over its right to distribute music files over the Internet, has settled with the latter two. In relation to those companies, has gone from outlaw status to official distributor, having gained the rights to distribute the two labels’ musical inventory. stocks rose in response to the deal, though the Internet company has yet to reach an agreement with the other three music giants.

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