NEW YORK (Reuters) .- The online music service Grooveshark closed its operations yesterday as part of an agreement to resolve a dispute with the major record labels and ended a four-year legal battle. Grooveshark, which had 30 million users delete all works whose copyrights are delivered stamps and ownership of the site, cell phone applications and intellectual property, including patents and copyrights, the company said.
“Despite the best intentions, we made serious mistakes. We failed to secure the licenses of those who have the rights of the large number of music in the service,” Grooveshark said on its website. The parent company, Escape Media Group, faced a sentence of more than $ 756 million in damages in a trial that was to begin Monday in a court in Manhattan.
Judge Thomas Griesa the same that intervenes in the dispute between Argentina and vulture funds had ruled last week that the violations committed copyright Grooveshark, based in Gainesville, Florida, nearly 5000 songs were “deliberate” and “bad faith” . Nine record labels, including Arista Music, Sony Music Entertainment, UMG Recordings and Warner Bros Records, sued Escape Media Group for copyright violation in 2011.
In court papers, the record called Grooveshark one “direct descendant” of Grokster, LimeWire and Napster, all of which were closed for violations of copyright. Yesterday, the seals were referred to a statement from the Recording Industry Association of America, which described the agreement as “a major victory for the artists and the entire music industry.” The association said that the founders of Escape, Joshua Greenberg and Samuel Tarantino, agreed to “significant financial penalties” if the agreement were violated. A Grooveshark spokesman refused to comment. .
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