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The parties said in U.S. District Court in Los
Angeles that they had agreed to dismiss the band's lawsuit with
prejudice, which means it cannot be filed again.
A lawyer for the band, Neema Amini, said the dispute had been
"amicably resolved," but did not provide details of the
settlement. Representatives for Warner Music did not immediately
respond to requests for comment.
The influential alternative rock band filed its lawsuit in 2021.
Its founding members Jim and William Reid accused Warner Music
of refusing to acknowledge their notice to the label that they
were reclaiming their copyrights in their landmark 1985 debut
album "Psychocandy" and other recordings.
U.S. copyright law allows creators to terminate transfers of
their work after 35 years under certain circumstances. The law
has been the subject of lawsuits by and against a variety of
musicians, screenwriters and other artists.
The band signed to WEA Records Ltd, a Warner Music predecessor,
in 1985. According to the lawsuit, Warner Music told them that
WEA was the original owner of the works, not the band, and that
the Reids could not terminate the copyrights.
Warner Music also told the court that the band's lawsuit was
time-barred and that it had breached its contract with WEA.
A trial in the case was set to begin in September.
The case is Reid v. Warner Music Group Corp, U.S. District Court
for the Central District of California, No. 2:21-cv-04806.
(Photo: The Jesus and Mary Chain perform at Roskilde Festival
2017 in Roskilde, Denmark June 30, 2017. Scanpix Denmark/Ida
Guldbaek Arentsen via REUTERS)
(Reporting by Blake Brittain in Washington)
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