Peloton – The Talking Fern

Peloton co-founders John Foley and Hisao Kushi exit; Karen Boone named as new Chairperson of the Board

‘Their impact will resonate long after their departure,’ Boone said
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Peloton releases video game ‘Lanebreak’, with Warner Music Group as a launch partner

The first artist themed levels to launch on Lanebreak are two Warner-distributed artists: David Bowie and David Guetta.
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Music’s rosy fitness story hits a speedbump, as Peloton reduces annual revenue forecast

Company reduces annual forecast by up to $1 billion
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Pitbull becomes stakeholder in Peloton rival Echelon

Grammy-winning artist will also release a new song for the brand
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Tuned Global teams with fitness brand Psycle London to develop home workout music streaming app

Company to power playlist app for home fitness brand’s 70+ instructors
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Music publishers and Peloton reach settlement over copyright infringement lawsuit

They will also work together to ‘further optimize’ Peloton’s music licensing systems and processes
The post Music publishers and Peloton reach settlement over copyright infringement lawsuit appeared first on Music Business Worldwide.

Peloton’s antitrust counterclaim against music publishers dismissed

Exercise giant alleged that the NMPA “coordinated to collectively negotiate licenses in violation of antitrust laws”
The post Peloton’s antitrust counterclaim against music publishers dismissed appeared first on Music Business Worldwide.

Peloton just generated $915m in annual revenues… but only paid 2% of it to music rightsholders

Is the luxury exercise company paying artists and songwriters enough for their work?
The post Peloton just generated $915m in annual revenues… but only paid 2% of it to music rightsholders appeared first on Music Business Worldwide.

NMPA Files a Motion to Dismiss Peloton’s “Baseless Antitrust” Counterclaim

Several months ago, over ten music publishers, including the NMPA and Downtown Music Publishing, filed a $150 million lawsuit against Peloton. The fitness technology company was accused of skipping over critical synchronization licenses for its music-i…

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WEDNESDAY 5.1.19
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