Today, LyricFind resells rights to many companies, including Amazon, Pandora, MetroLyrics and Google. “The economies of scale were not there unless you were providing that data and licensing to everybody,” he said. And the new LyricFind relaunched four years later with a very different business model: The company would buy the rights to display lyrics then resell them to other companies.
It took them some time to make deals with song publishers. And before the end of the year we had taken everything down to try to get licensing,” he said. Music publishers hadn’t sued, but Ballantyne figured that was coming. “We started it briefly as a consumer-facing site just to make some advertising revenue,” he said.īut Ballantyne and his partners soon figured out the company had an intellectual property problem.
Understanding how Ballantyne’s company works helps explain a lot about the business.
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