That’s it for Grooveshark

A prolonged legal battle between Grooveshark and the three major labels has reached its conclusion. Escape Media, parent company to music streaming service Grooveshark, has agreed to settle with Universal Music Group, Sony Music Entertainment and Warner Music Group and cease all operations, effectively “wiping its computer servers of all the record companies’ music, and surrendering ownership of its website, mobile apps and intellectual property,” according to the Recording Industry Association of America (RIAA).

An RIAA statement issued on Thursday (April 30) goes on to say that under terms of the settlement, “Grooveshark founders Josh Greenberg and Sam Tarantino admit to creating and operating an infringing music service.

Via Billboard