The free music streaming service Grooveshark has closed down its service after a six-year legal battle with the music industry.
The closure of the service, owned by Escape Media, is part of a settlement with Universal Music Group, Sony Music and Warner Music Group, in which the company issued a formal apology in lieu of paying damages to the labels.
Mike Regan of Bloomberg News tells Here & Now’s Peter O’Dowd about the problem with Grooveshark, and where record labels stand on services like Spotify and YouTube that stream music for free.
Guest
- Mike Regan, editor for Bloomberg News. He tweets @Reganonymous.
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