Rap Genius, the lyrics site with financial backing from Silicon Valley heavyweights, has signed its first licensing deal. Now the question is if more of such agreements are on the way.
Billboard has learned the Brooklyn-based startup has a licensing agreement with Sony/ATV Music Publishing, the largest song publisher with 33% market share in the third quarter, according to Nielsen SoundScan. The site, which has branched out into news and poetry, is among the most popular of unlicensed lyrics sites, according to a list released by the National Music Publishers' Assn. (NMPA).