UPDATE: IMRO and POD Concerts reach settlement

Reads an official statement issued this morning by POD Concerts: “A settlement has been reached between IMRO and POD Concerts relative to the dispute on royalties in respect of multistage events including the Electric Picnic.
"The proceedings are to be adjourned to allow IMRO to conduct a review of its concerts tariff and, if necessary, to allow the tariff to be ruled on by an arbitrator. Electric Picnic 2008 will be proceeding.”
Which is good news all-round!