AP, Meltwater end litigation, will 'collaborate on innovating new products'
Associated Press will partner with news-aggregation service Meltwater, which it sued last year, the news co-op announced Monday.
“There is more to be gained by working together to develop new markets and reaching new customers than can be achieved through adversarial paths," Meltwater CEO Jorn Lyseggen says in a statement.
The release says the companies will "cease all litigation." AP in March prevailed over Meltwater, but Meltwater said it would appeal. Full release follows:
Meltwater, the leading provider of online intelligence solutions, and The Associated Press today announced they have entered into an agreement to develop new and innovative products based on AP’s world class content and Meltwater’s deep technical expertise in online media analytics. The companies will seek to create new revenue opportunities for both parties through the sale of new products through Meltwater’s extensive global sales network.
“Combining AP’s unparalleled breadth and depth of premium text and video content with Meltwater’s deep technical expertise in analytics and proven capacity for innovation enables us to work collaboratively to develop new products and new revenue opportunities for both parties,” said Jorn Lyseggen, Meltwater CEO and Founder. “There is more to be gained by working together to develop new markets and reaching new customers than can be achieved through adversarial paths and we are eager to forge a strong relationship with AP. Content providers and technology innovators need to come together. Only through a commitment to cooperation and innovation can we increase the pie for all parties.”
“We are pleased with this outcome,” said Gary Pruitt, AP President and CEO. “The litigation is behind us, and we are looking forward to partnering with Meltwater in a positive and constructive relationship going forward. With Meltwater’s expertise and innovative approach to develop new products for new markets and the depth and speed of AP’s global content, we can provide customers both new and existing products focused on their needs.”
With this agreement, the parties have resolved all pending disputes resulting from the AP lawsuit filed against Meltwater in February 2012, claiming copyright infringement, including all appeals.