Peloton Interactive Inc has settled a lawsuit in which a music publishing trade ...
NEW YORK - 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.
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. 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.”
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