Peloton sued for stealing music

Credit: Reuters Studio
Published on March 19, 2019 - Duration: 01:22s

Peloton sued for stealing music

Peloton, the popular video-streaming stationary cycling company, was slapped with a lawsuit Tuesday by music publishers accusing Peloton of not getting permission to use songs made by industry heavyweights such as Rihanna, Bruno Mars and Katy Perry, among others.

Conway G.

Gittens reports.

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Peloton sued for stealing music

The Peloton spinning service is all the rage with athletic types, but it's hit a sour note with many top names in the music industry.

Publishers representing the authors of songs sung by Bruno Mars, Katy Perry, Rihanna, Justin Timberlake and hundreds of other artists filed suit Tuesday against Peloton Interactive.

The lawsuit accuses the maker of video-streaming stationary bicycles of not getting permission or paying for the use of more than 1,000 songs in its videos.

Peloton, in the suit, is accused of "trampling" on music publishers by using their songs for free.

The publishers are seeking more than $150 million in damages.

For its part, Peloton responded in a statement, saying it has "great respect for songwriters and artists," and has "invested heavily to build a best-in-breed reporting and licensing system." Peloton has risen to fame by selling $2200 stationary bicycles and a $39 a month subscription service for fitness buffs that include live and on-demand cycling classes, running, yoga, and other activities to do the body good.

That success has caught Wall Street's eye.

Investors are is eagerly awaiting a stock market debut later this year, that could value the lifestyle company at $4 billion.

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