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Bolt.com, Universal Settle for $10M
One final update to the Bolt.com saga, where Bolt (along with Grouper ), was sued by Universal for $150,000 per copyright infringement. The FT says that Universal agreed to drop the lawsuit for a $10 million settlement - eg. a third of the $30 million GoFish is reported to be paying for Bolt to get them out of the bind. UMG will now focus on its cases against Grouper and MySpace.

Source: http://mashable.com/2007/03/08/bolt/

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