Internet Archive Settles Copyright Lawsuit Over Great 78 Project

The Internet Archive (IA) has reached a confidential settlement with major record labels, including UMG Recordings, Capitol Records, and Sony Music Entertainment, over a copyright lawsuit concerning the Great 78 Project. This project aimed to preserve early music recordings, but the labels initially sought $700 million in damages, claiming copyright infringement. While details remain undisclosed, the settlement averts potential financial ruin for IA.