Peloton Is Being Sued For $300 Million


A collection of music publishing companies are suing Peloton for using music without permission.

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The National Music Publishers Association is claiming Peloton used over 1,000 songs from artist like Lady Gaga, Drake, Justin Timberlake and more.

Peloton sells stationary bikes and offers its customers a monthly subscription to gain access to classes. Listening to songs in one of the features they offer with their service.

Peloton claims the music publisher engaged in anticompetitive behavior by banding together to extract unfair licensing terms anticompetitive behavior by banding together to extract unfair licensing terms.

“We will continue to defend ourselves against claims made in this matter and look forward to pursuing our counterclaims” – Peloton Statment

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Categories: Money, Music, Technology

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