LyricFind has filed a lawsuit against MusicMatch, claiming that the latter's exclusive licensing agreements with Warner Chappell Music are harmful to competition in the lyric services market. This situation forces other services like LyricFind to grapple for licensing rights with WCM. Typically, competition in this space centers on the quality of user experience, yet LyricFind contends that these aggressive tactics by MusicMatch and WCM are monopolizing the market, necessitating legal intervention to preserve the rights of all music streaming services in choosing lyric providers.
LyricFind asserts that MusicMatch's aggressive licensing of lyrics from Warner Chappell Music constitutes an anticompetitive scheme that restricts fair competition.
LyricFind believes that this legal action serves not only to protect its business interests but also aims to uphold the rights of all music streaming services.
According to LyricFind, the competition in lyric services should focus on providing better user experience, rather than monopolized licensing arrangements.
We are taking action now to protect every music streaming service's right to partner with the lyric provider of their choice," a spokesperson from LyricFind stated.
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