Photo: Press
Streaming service Grooveshark was shut down today as part of a settlement agreement with major record labels, who they lost out to in court this week.
Grooveshark were revealed to not have attained the correct rights to their vast collection of songs, which could have cost Groovshark's owners Escape Media Group Inc $736 million in damages according to Reuters. They offered these songs to the public for free, the site agreed to shut it's doors in a settlement with major record labels Universal, Sony and Warner this week.
The company uploaded a letter addressed to their users yesterday apologising for their 'serious mistakes': "That was wrong. We apologize. Without reservation."
The service was set up in 2007 and allowed users to stream and upload music with the aim to allow their audience to "play any song in the world for free!"
The message went on to encourage their users to seek out other 'affordable services' including Spotify, Deezer, Google Play, Beats Music, Rdio and Rhapsody (note there's no Tidal).
You can read the full letter at Grooveshark.
