German royalty collection society VG Media and cable operator Tele Columbus have reached an out-of-court settlement.
This means that all court and arbitration proceedings currently pending between subsidiaries of the cable company and the rights exploitation organisation are settled on an amicable basis, VG Media announced in Berlin.
This also applies to the settlement of further claims of VG Media against Tele Columbus and its subsidiaries. No information was given on the details of the agreement.
VG Media is the copyright society of commercial broadcasters and press publishers. It represents the royalty and intellectual property rights of almost all German and several international commercial TV and radio broadcasters as well as around 200 digital offerings of major publishing houses.