New York
– MetroLyrics.com, a licensed song lyrics display site that was launched in
2001 by a then 16-year-old Milun Tesovic, now draws over 13.5 million unique
monthly users and generated close to $10 million in revenue in 2009, The New
York Times reported. MetroLyrics in 2008 signed a deal with Gracenote, a unit
of Sony (NYSE: SNE) that has aggregated the licenses necessary from music publishers to
operate a licensed lyrics site.
Related Links:
http://www.nytimes.com/2010/05/10/business/media/10lyrics.html
