Last week we learned that Grooveshark could be forced to pay over $736,000,000 for massive copyright infringement. The company decided they didn’t want to license music. They uploaded illegal files to their servers instead.
Guess what? Grooveshark is getting a free pass… as long as they promise they won’t do it again.
Grooveshark’s parent company Escape Media has settled with Warner Music Group, Sony Music Entertainment, and Universal Music Group. As part of the settlement, Escape will hand over Grooveshark’s website, apps, and intellectual property. Grooveshark will cease operations, and all major label music on their servers will be wiped.
If Grooveshark violates the terms of the agreement they’ll have to pay the labels $75 million.
Nina Ulloa covers breaking news, tech, and more: @nine_u
Image by Andrew Malone, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).