EMI Sues Grooveshark


EMI Music, the biggest record publisher in the world, has terminated its contract with streaming site Grooveshark. According to BBC’ s News Techology website, this: “…comes three months after EMI announced it was suing the service for not paying royalties…EMI’s withdrawal means Grooveshark currently has no major record labels on board with the service…”.

The steep fall in download revenues and the meteoric rise of streaming services seem to be taking their toll. As CNet.com reports, Grooveshark: “…Issued a response to EMI’s court filing and allegations: “Grooveshark was recently forced to make the difficult decision to part ways with EMI due to EMI’s currently unsustainable streaming rates and EMI’s pending merger with Universal Music Group, which we consider monopolistic and in violation of antitrust laws,” the company wrote. “To date, Grooveshark has paid over $2.6 million to EMI, but we have yet to find sustainable streaming rates. In spite of this, Grooveshark’s dedication to artists and rights holders remains the same…”.

For full article see here

, , ,