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MOTOWN/MCA SETTLEMENT ANNOUNCED

 UNIVERSAL CITY, Calif., March 23 /PRNewswire/ -- MCA Records, Motown Records and Boston Ventures today agreed to settle all pending litigation among them. The parties became involved in litigation beginning in May 1991. Pursuant to the parties' settlement agreement, all claims alleged in the various lawsuits will be dismissed. In addition, Boston Ventures will purchase MCA's ownership interest in Motown. The parties also expect that the lawsuits pending between MCA and PolyGram will be resolved in connection with the agreement announced today.
 -0- 3/23/93
 /CONTACT: Paula Batson of MCA, 818-777-8961; or Michael Mitchell of Motown, 213-468-3553/


CO: MCA Records; Motown; Boston Ventures ST: California IN: ENT SU:

BP-EH -- LA013 -- 8745 03/23/93 14:44 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 23, 1993
Words:117
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