FIRST AIRED: March 19, 2019

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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
the peloton spinning so this is all the rage with athletic types but it's hit a sour note with many top names in the music industry publishers representing the authors of songs sung by Bruno Mars Katy Perry Riana Justin Timberlake and hundreds of other artists filed suit Tuesday against peloton interactive the lawsuit accuses the maker of video streaming stationary bicycles of not getting permission or paying for the use of more than one thousand songs in this video peloton the suit is accused of quote trampling on music publishers by using their songs for free the publishers are seeking more than a hundred and fifty million dollars in damages for its part peloton responded in a statement saying it has quote great respect for song writers and artists and has quote invested heavily to build the best in breed reporting and licensing system hello Tom has risen to fame by selling twenty two hundred dollar stationary bicycles and a thirty nine dollar a month subscription service for fitness books include live and on demand cycling classes running yoga and other activities to do the body good that success has caught Wall Street hi investors are eagerly awaiting a stock market debut later this year that could value the lifestyle company for billion dollars