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Music Streamer AccuRadio Files for Bankruptcy Amid SoundExchange Royalties Lawsuit
Music streamer AccuRadio filed for bankruptcy amid a SoundExchange lawsuit. The company cites $10 million in debts to the nonprofit.
Free music streaming service AccuRadio has filed for bankruptcy, citing $10 million in debts to SoundExchange and failed settlement talks in the organization’s lawsuit against the streamer over unpaid artist royalties. AccuRadio, an ad-supported platform that describes itself as “the only online music streaming service curated by human beings, not algorithms,” sought bankruptcy protection in a Wednesday (May 14) petition to the federal court in its home city of Chicago. AccuRadio contests those claims, saying it’s been a “consistently reliable SoundExchange licensee for the vast majority of the past two decades.” The company put out a press release Wednesday, blaming its bankruptcy on failed settlement talks in the litigation.
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