Grooveshark Settles Lawsuit, Signs Deal With Sony/ATV
Grooveshark has reached a settlement and signed licensing agreements with Sony/ATV Music Publishing. This follows a similar settlement and deal earlier this month with EMI Publishing. While disputes with Universal and others still continues, the two deals move the controversial music streamer closer to legitimacy.
by Informa, Sony/ATV Music Publishing is the largest music publisher with a catalogue of compositions that accounted for over 30% revenue market share for 2012, the most recent full calendar year.
"We are excited to add Sony/ATV Music's impressive array of songwriters to our catalogue further advancing our mission to empower creators with the best audio platform in the world," says Grooveshark CEO and Co-founder, Sam Tarantino.
That Grooveshark has survived this long is a surprise to many industry watchers, with legal actions reportedly causing dissension among staff. In July, Grooveshark was added to Google Search's autocomplete blacklist. This dubious distinction has previously been reserved for high profile copyright offenders like The Pirate Bay.