📺 Stream EntrepreneurTV for Free 📺

Early Music Streaming Service Grooveshark Shuts Down to Settle Infringement So ends a four-year legal battle with major record companies.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Online music streaming service Grooveshark shut down its operations as part of its settlement agreement with major record companies, according to a message posted on the website, putting an end to a four-year legal battle.

Grooveshark will wipe clean all of the record companies' copyrighted works and hand over ownership of its website, mobile apps and intellectual property, including patents and copyrights, the company said.

"Despite best of intentions, we made very serious mistakes. We failed to secure licenses from rights holders for the vast amount of music on the service," Grooveshark said.

Grooveshark and its parent Escape Media Group were not immediately reachable for comment.

A U.S. judge ruled last week that Gainesville, Florida-based Grooveshark's copyright violations on nearly 5,000 songs were "willful" and made "in bad faith."

Nine record companies including Arista Music, Sony Music Entertainment, UMG Recordings, and Warner Bros Records, sued Escape Media Group for infringement in 2011.

In court papers, they called Grooveshark a "linear descendant" of Grokster, LimeWire and Napster, all of which had been shut down because of copyright infringement.

(Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Devices

Keep the Office Cool This Summer with $10 Off a Klima Thermostat

The Klima Smart Thermostat can turn your existing mini split, heat pump, or AC into a smart unit.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

12 Books That Self-Made Millionaires Swear By

The bookshelves of millionaires can inspire you to build your wealth. Here are 12 must-reads they recommend.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Green Entrepreneur®

A Deer Invasion in Hawaii Has Turned Into an Environmental Crisis—And a Sustainable Business Opportunity

How Maui Nui Venison built a for-profit harvesting business that protects the land and helps the local community.