Canadian Lyrics Site Gets Bought by CBS Interactive
The reason publishers, labels, artists and managers have always cracked down on websites that offer song lyrics is because they’ve long known that there’s money in these rhymes. People–and not just music fans–will pay good money to access lyrics in a proper database.
Vancouver’s Metrolyrics is very good at making these databases. They’re all legal and licensed, too. That’s why CBS Interactive just bought them for a big whack of dough.
CBS Interactive Music Group has purchased the top lyrics site on the web. Based in Vancouver, Metrolyrics is the third largest music site in the world in terms of traffic. Founded in 2002, it has a database of more than 700,000 songs and 48 million unique users per month. The site was built initially by a high school student who discovered that “song lyrics” was one of the most popular search terms on the web. In addition to its deep catalog, one of the strengths of Metrolyrics is that all of the content use is properly licensed.
This is an impressive move for CBS IMG at a time when they had appeared noticeably quiet amid a flurry of activity surrounding some of their competitors. In recent months they had lost a deal with AOL Radio which moved to Slacker, and faded into the background while Clear Channel’s Bob Pittman and his team made a big splash relaunching iHeartradio. CBS IMG services such as Radio.com and Last.fm were noticeably missing from facebook‘s recently announced integration of third party streaming services
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