Music Publishers Double Copyright Infringement Claims Against Peloton To $300 Million

Peloton Sued

Music publishers who originally sued high-tech exercise bike maker PELOTON  for copyright infringement in MARCH have doubled their demand for damages to $300 million, disclosing another 1,200 songs used without permission, according to several reports, including the NEW YORK POST.  

Publishers represented in the suit include DOWNTOWN MUSIC, BIG DEAL MUSIC and ROUND HILL accuse PELOTON of more than 2,200 unauthorized tunes in the video fitness classes broadcast to its bike owners.

“It is only as a result of initial discovery in this lawsuit that the full scope and extent of Peloton’s unlawful infringement has started to come into focus,” the publishers said in papers filed THURSDAY in N.Y. federal court.

The amended complaint expands the copyright suit to include such hits as RAY CHARLES’ “Georgia On My Mind,” THE WHO’s “I Can See For Miles” and THE BEATLES’ “I Saw Her Standing There.”

Just last WEDNESDAY, PELOTON revealed plans to charge between $26 and $29 per share for stock to be issued in an upcoming IPO, which is expected to give the NEW YORK-based company a valuation of up to $8 billion.

PELOTON has accused the NATIONAL MUSIC PUBLISHERS ASSOCIATION of “a coordinated effort” on behalf of some of its members “to fix prices and to engage in a concerted refusal to deal with PELOTON.”

« see more Net News