RightTech Extra covered LyricFind’s lawsuit against Musicxmatch, accusing them of monopolizing the lyric licensing market.
Music lyric provider LyricFind filed an antitrust lawsuit against its main rival Musixmatch and its private equity parent TPG Global in U.S. District Court in California this week charging them with conspiring illegally to monopolize the market for licensed lyric data and services.
– Paul Sweeting, RightsTech Extra
The legal core of the case is comprised of allegations that Musixmatch and TPG have exploited an exclusive licensing deal with Big Three music publisher Warner-Chappell Music to effectively preclude LyricFind and others from securing deals to provide lyric data to music streaming and other service providers. The lawsuit seeks damages that could exceed $1 billion after trebling.