has reached settlement agreements over copyright-infringement suits filed by music industry giants Warner Brothers Music Group and BMG Entertainment.

The two agreements include monetary compensation as well as licence agreements. Time Warner is the parent company of the Warner Brothers Music Group, while BMG is the music unit of Bertelsmann AG and EMI Group PLC.

Warner and BMG did not disclose the terms of the agreements, but sources close to the deal say will pay approximately £12.5 million to Warner and as much as £60 million in total in exchange for the right to use the songs owned by the music labels.

The deal reflects's rise "from bad-boys throwing rocks through windows to a company maturely negotiating a settlement with the industry," said Eric Scheirer, a media and entertainment analyst from Forrester Research. "This is the day we say grew up." has £220 million remaining from money raised in their initial public stock offering (IPO), said Scheirer. "The settlement looks like a lot, but it isn't." Signs point toward a settlement within the next week between and the labels remaining in the RIAA suit, he said. was sued in January by the Recording Industry Association of America (RIAA), representing Warner Brothers Music Group, BMG, Sony Music Entertainment and Seagram’s Universal Music Group.

The copyright infringement lawsuit, filed in U.S. District Court in New York, sought to prevent from marketing services Beam-it and Instant Listening, which are marketed under the banner

Beam-it software matches music CDs that users insert into their PCs with CDs stored in's own library. The software asks users if they own the CDs. If users verify they own the CDs in question, and the CDs match those in's library, users then may log into their account from any PC to listen to the CDs.

As part of the settlement, Warner has signed a North American licence agreement with, allowing the Internet music company to use Warner recordings on the services, Warner and said. also signed a similar license agreement with BMG.

Though the RIAA filed the lawsuit against on behalf of the music labels, each label must come to a separate licensing agreement with