Peloton faces $150 million lawsuit for playing unlicensed music
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Music publishers are suing Peloton, the maker of the connected exercise bike who has sold almost 400,000 indoor exercise bikes so far and valued at $4 billion in 2019, for failing to license songs it plays in its streaming spinning classes. The lawsuit was filed on Tuesday by the National Music Publishers Association in the U.S. District Court of the Southern District of New York and seeks $150 million in damages.