Doug Morris, chief executive officer of Universal Music Group, the world’s largest music company, said on Tuesday he expects to reach a settlement with MySpace, which the company sued for copyright infringement, Reuters reports.
“I think it will settle. It would be a horrible case for them to lose,” Morris said at the Reuters Media Summit in New York.
Earlier this month
, Universal, owned by French media giant Vivendi, filed a lawsuit against popular social networking site MySpace, owned by News Corp., for infringing the copyrights of thousands of artists’ works.
