The petition, a precursor to a potential lawsuit, had sought depositions from corporate representatives of both companies.
In a court document filed Thursday, attorneys for Drake said the rapper and iHeartMedia had “reached an amicable resolution of the dispute” but did not offer any other information.
“We are pleased that the parties were able to reach a settlement satisfactory to both sides, and have no further comment on this matter,” Drake’s legal team said in a statement.
In an email Friday, iHeartMedia declined to comment on the settlement.
The claims against UMG remain active, and a hearing on a motion by UMG’s lawyers to dismiss the petition was scheduled to be held Wednesday in a San Antonio courtroom.
Drake has alleged UMG engaged in “irregular and inappropriate business practices” to get radio airplay for “Not Like Us.” The petition also alleges that UMG knew “the song itself, as well as its accompanying album art and music video, attacked the character of another one of UMG’s most prominent artists, Drake, by falsely accusing him of being a sex offender, engaging in pedophilic acts, harboring sex offenders, and committing other criminal sexual acts.”
An email to a UMG representative seeking comment was not immediately answered.
In January, Drake filed a defamation lawsuit in federal court in New York City against UMG over what he alleges are false allegations of pedophilia made in "Not Like Us." Lamar is not named in the lawsuit.
The feud between Drake, a 38-year-old Canadian rapper and singer and five-time Grammy winner, and Lamar, a 37-year-old Pulitzer Prize winner who headlined the Super Bowl halftime show on Feb. 9, is among the biggest in hip-hop in recent years.
The Federal Communications Commission sent a letter Monday to iHeartMedia's CEO and chairman, Robert Pittman, saying the commission is looking into whether the audio company is forcing musicians to perform at its May country music festival in Austin for reduced pay in exchange for favorable airplay of their songs on iHeart radio stations.
“We look forward to demonstrating to the Commission how performing at the iHeartCountry Festival – or declining to do so – has no bearing on our stations’ airplay," iHeart Media said in a statement. "We do not make any overt or covert agreements about airplay with artists performing at our events."
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