"We use the label’s songs till we get a 100 (million) uniques, by which time we can tell the labels who is listening to their music, where, and then turn around and charge them for the very data we got from them, ensuring that what we pay them in total for streaming is less than what they pay us for data mining. Let’s keep this quite [sic] for as long as we can."
Grooveshark’s business strategy laid bare in internal emails, revealed during Universal’s copyright lawsuit against them. These were the words of chairman Sina Simantob.
Ha. Ha. Ha.
Caught you redhanded, as Shaggy once sang.
(Source: CNET)
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#grooveshark
#universal
#going down