The companies did not disclose terms of the deal, which is a multi-year agreement that covers current XM radios and future devices.
NEW YORK (Reuters) - XM Satellite Radio <XMSR.O> and Warner Music Group <WMG.N>, the world's third largest music company, said on Friday they had settled a lawsuit brought by the music company over XM's portable satellite radio with advanced recording features.
The companies did not disclose terms of the deal, which is a multi-year agreement that covers current XM radios and future devices.
XM settled a similar dispute with the world's largest music company Universal Music Group on December 17.
(Reporting by Yinka Adegoke, editing by Leslie Gevirtz)
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