If you’re a fan of music, you’ve probably heard of Grooveshark, the new streaming service that offers DRM-free MP3 downloads. But did you know that it also sued EMI in 2011? And that it plans to distribute these DRM-free MP3s through a peer-to-peer (P2P) network? Read on to learn more lobiastore.
Grooveshark is a music streaming service
While it was once one of the most popular services for downloading P2P music, Grooveshark is no longer available for download in Germany. After a lawsuit against it, UMG took the company down. The lawsuit claimed that Grooveshark had illegally uploaded over 100,000 copies of UMG recordings. UMG wanted $150,000 per song, or $17.1 billion, and they’re now asking for a penalty. However, even though the site remains online, its future looks bleak as it’s currently denied service in Germany.
In addition to offering P2P downloads, grooveshark allows users to upload their own music tracks. In turn, other users can trade with them. In the process, copyright holders will be compensated. Grooveshark has a 50/50 revenue split. The service is not a complete replacement for a record label, but it is a better alternative.
It offers P2P music downloads
You can download free music from peer-to-peer (P2P) sites. Grooveshark is one of these sites. Its catalog includes over 15 million songs. The website has over 35 million registered users. You can search for music by album, artist, or song title, or you can browse your friends’ recent activity. You can subscribe to other users’ Playlists, and even share them through e-mail. You can also listen to radio stations or populate your own station with Current Songs postinghub.
Despite these advantages, Grooveshark faced some significant challenges. It was difficult to convince major labels to sign deals with the startup, and it was prone to legal problems. Moreover, the founders had to pay high fees to obtain music licenses. Fortunately, they found some funding from a venture capitalist. As a result, they have been able to maintain their business.
It sued EMI in 2011
The music industry is not happy with the growing popularity of P2P download services, but it is the only way to ensure that it remains profitable. A recent ruling by a US court has ruled that Grooveshark must pay EMI up to $736 million in statutory damages for infringement. A case like this could prove to be a defining moment in the music industry thoptvnews.
Despite the controversy over the music industry, one of the companies that offer P2P services is based in Gainesville, FL. It employs 130 people in Gainesville, Florida, and some in New York City. One example of a band that has partnered with Grooveshark is King Crimson. The guitarist for the band, Robert Fripp, tried to sue the company for distributing his music on the site newsbench. Universal Music Group stepped in to defend their interests.
It will distribute DRM-free MP3s via a p2p network
A ‘cloud’ streaming service has launched in Florida, and Grooveshark is a company based in Gainesville. It has raised just under $1 million in seed funding, and employs about 40 people, most of whom are University of Florida students. The company hopes to close a venture funding round in three to four months.
Users can upload and trade music tracks with other users. Copyright holders will be compensated for these transactions. The company is working on a 50/50 revenue split, after deducting expenses. However, it is not entirely clear how much money Grooveshark will earn from this process magazinemania. In the meantime, users can download and listen to music legally.
Finally
The MPAA has been hunting peer-to-peer networks, and Grooveshark’s announcement is good news for users of all types. The company wants to avoid a lawsuit from the RIAA and keep the music available to the public in a safe and easy-to-use format. With this new service, users can also download music for free newsstock.
