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#120: FOUNDER: What’s Really Going On With Lyrics and DSPs || Darryl Ballantyne
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LyricFind CEO, Darryl Ballantyne, discusses the company's $1 billion antitrust lawsuit against Musixmatch and its parent company, TPG Growth.
The lawsuit alleges that Musixmatch's exclusive licensing deal with Warner Chappell Music has created a monopoly in the lyrics licensing market, forcing digital service providers like Spotify and iHeartRadio to source lyrics solely from Musixmatch, often at higher costs.
In this episode, Darryl emphasizes the broader implications of such monopolistic practices on independent artists, publishers, and the overall health of the music industry.
Explore LyricFind here; https://www.lyricfind.com/
Learn more about the lawsuit here; https://www.linkedin.com/posts/lyricfind-inc-_why-weve-sued-musixmatch-and-the-private-activity-7303121877567184896-UYpS?utm_source=share&utm_medium=member_ios&rcm=ACoAAC7GsG4B3q6TQjXTo4t2PQ2fbFO7PbDPCtA
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Sponsored by Allfeat: Decentralized Blockchain Solutions for the Music Industry - https://www.allfeat.com/
Produced by Amplitude Ventures Consulting: Partners in Early-Stage Music Tech - https://amplitude.ventures
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