Grooveshark Settles With Labels, Agrees To Shut Down

By Bill Donahue (April 30, 2015, 10:39 PM EDT) -- Grooveshark, the online music service that offered users free streaming without seeking licenses, has agreed to shut down after years of litigation with record labels, avoiding a looming jury verdict that could have left the startup owing $736 million in copyright infringement damages.

Warner Music Group, Universal Music Group and Sony Music Entertainment won a bench ruling last fall that Grooveshark had willfully infringed thousands of their copyrights. (Credit: Getty) The settlement wraps up more than three years of court battles with the major labels — Universal Music Group, Sony Music Entertainment and Warner Music Group — which won a bench...

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