By Jonathan Stemple, Reuters | Peloton Interactive Inc has settled a lawsuit in which a music publishing trade group and 14 of its members accused the maker of stationary bicycles of streaming more than 2,400 songs without permission in its workout videos.
In a joint statement on Thursday, Peloton and the National Music Publishers’ Association said they have also entered a collaboration agreement to “further optimize” Peloton’s processes for music licensing. Other terms were not disclosed.
The trade group had been suing Peloton for more than $300 million, accusing it of copyright infringement for using songs it controlled without first getting required licenses.
Among the works covered were songs by Adele, Beyonce, Ariana Grande, John Legend, Maroon 5, Meek Mill and Taylor Swift, and classics such as The Beatles’ “I Saw Her Standing There,” Ray Charles’ “Georgia On My Mind” and The Who’s “I Can See For Miles.”
The settlement was announced four weeks after a Manhattan federal judge dismissed Peloton’s antitrust counterclaim accusing the trade group of disrupting its licensing negotiations with individual publishers.
In Thursday’s statement, Peloton’s head of music, Paul DeGooyer, said it was important to ensure that songwriters “are, and continue to be, fairly compensated.”
Reporting by Jonathan Stempel in New York; Editing by Dan Grebler
[Thank you to Alex Teitz, http://www.femmusic.com, for contributing this article.]Read the whole article here: