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Peloton Reports $49M in Legal Costs After Settlement With Music Publishers

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The figure was disclosed in the fitness company's third-quarter earnings report. Peloton Interactive spent $49.3 million in settlement and litigation costs this past financial quarter, likely reflecting what it took to get the tech-enabled fitness startup out of a massive copyright suit filed by song publishers.

The figure was disclosed Wednesday in an earnings report by the company. The music publishers had been alleging $300 million in damages in the closely followed case.

Peloton, which went public last year, was accused of infringing thousands of songs by not properly obtaining sync licenses. In the case, Peloton attempted to move to offense by asserting antitrust counterclaims, but in January, a federal judge rejected those claims.

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