When the news broke about the $300 million lawsuit against Peloton, it was a clarion call for many to reexamine how their companies were licensing and reporting their use of copyright-protected music. The National Music Publishers’ Association brought the copyright infringement claim against Peloton on behalf of 14 of its music publisher members.
There’s no doubt that the right music can enhance your company’s success, but it’s important to remember that using major label hits or trending indie tracks requires proper licensing. With a company’s reputation and finances on the line, it’s crucial to understand how music licensing works and the range of costs associated with it. Read on for the most important things you need to know about the cost of music licensing for businesses.