Peloton, the fitness technology company known for its beat-driven cycling classes, is removing workout videos featuring thousands of hit songs the company allegedly used without obtaining proper licenses.
Peloton founder and CEO John Foley on Monday touched on the lawsuit against the company filed by a group of nine music publishers, all members of the National Music Publishers’ Association (NMPA). The complaint seeks more than $150 million in damages.
“The filing of the lawsuit is unfortunate and disappointing, as it occurred after what appeared to be fruitful discussions with most of the publishers named,” he said in a statement.
The publishers allege Peloton used songs from popular artists including Bruno Mars, Justin Timberlake and Lady Gaga, without first obtaining synchronization, or “sync,” licenses, which give a music user permission to release a song in video format.
– Excerpt from an article written by Megan Cerullo for CBS News. Find the full article here.