Grooveshark this week announced that it has reached a settlement with Sony/ATV over a long-fought copyright infringement lawsuit. Sony is one of four major music labels that have sued Grooveshark in recent years.
As part of the agreement, Grooveshark and Sony have also entered into a publishing deal for Sony/ATV's music catalogue. The full terms of the agreement, including the monetary amount of the settlement, have not been released. Both Sony and Grooveshark now consider their disputes resolved.
"We are excited to add Sony/ATV Music's impressive array of songwriters to our catalogue further advancing our mission to empower creators with the best audio platform in the world," said Sam Tarantino, CEO of Grooveshark.
This settlement marks the second major music label that Grooveshark has appeased this year. Back in May, some Grooveshark employees signed agreements with Universal Music Group stipulating they would not infringe music copyrights in the future. Several other major music labels are still pursuing legal action against the site.
As a website that allows users to select and play a variety of copyrighted music tracks, Grooveshark has been under the gun for some time. Even under the threat of legal action the site has expanded, adding more advertisements to its website. The company has also released a mobile app for both iOS and Android smartphones, though the app has now been banned from both Apple's and Google's official app stores.
(Image courtesy Grooveshark)