The National Music Publishers' Association is suing Roblox for $200 million in damages, claiming that the MMO has been allowing unlicensed use of songs by users. As reported by Variety, the Association's president and CEO, David Israelite, announced the company's lawsuit against Roblox at the NMPA's 2021 annual meeting.
The lawsuit seeks a minimum of $200 million to cover damages “for Roblox’s unabashed exploitation of music without proper licenses." The money “will ensure songwriters are fully paid for their works on the platform and that Roblox takes seriously its obligations to those who have made its service so popular and profitable.”
The Roblox name is still unfamiliar for many gamers, but it is colossally popular with younger players, so much so that Roblox is now worth more than Ubisoft and Take-Two combined.
The platform, which allows for user-created games, has led to successes such as Roblox creators opening their own studios, and established indie devs making the new games in Roblox. Matt Purslow is IGN's UK News and Entertainment Writer.
A pair of vintage-looking sunglasses that has sold over 2 million to date. Producing Roblox UGC items has made Trusov a multi-millionaire, affording him wealth which he shares with his parents.
D avid Baszucki made a fortune cofounding social gaming platform Roblox in 2004. By early 2021, he was a billionaire, thanks to a funding round that valued Roblox at $29.5 billion. He took the business public on the New York Stock Exchange two months later in a $38 billion IPO.
Roblox valuation skyrocketed to $40 billion at IPO, a 900% increase on its valuation in 2020.
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And yet, as remarkable a job as Roblox has done cultivating this community, the company remains well short of profitability. In 2021, it reported a loss of about $490 million on $1.92 billion revenue.
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The lawsuit seeks a minimum of $200 million to cover damages “for Roblox’s unabashed exploitation of music without proper licenses.". The money “will ensure songwriters are fully paid for their works on the platform and that Roblox takes seriously its obligations to those who have made its service so popular and profitable.”.
Music publishers claim over unauthorized song use. The National Music Publishers' Association is suing Roblox for $200 million in damages, claiming that the MMO has been allowing unlicensed use of songs by users. As reported by Variety, the Association's president and CEO, David Israelite, announced the company's lawsuit against Roblox at ...