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Farris LLP: Vancouver's Law Firm

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17 October 2011

FARRIS REPRESENTS METROLYRICS.COM IN RECENT ACQUISITION BY CBS INTERACTIVE MUSIC GROUP

Farris partners, Brad Newby, Mark Chu, Michael Korbin and James Hatton, Q.C., along with Farris associate Mohammad Manki and Farris associate counsel Jenifer Chilcott, represented MetroLeap Media Inc. in the recent acquisition of metroleap.com by CBS Interactive Music Group, a division of CBS Corporation (NYSE: CBS).  Farris worked on U.S. legal matters with John Delaney and Kara Alesi from the New York office of Morrison & Foerster LLP, one of Farris’ Lex Mundi affiliate firms.

In a transaction that completed at the end of September 2011, CBS Interactive Music Group, acquired MetroLyrics.com in a deal that will see MetroLyrics double CBS’s online traffic and integrate it with CBS’s popular line of music websites Last.fm, Radio.com and MP3.com.  MetroLyrics.com was founded 10 years ago by Milun Tesovic, at the age of 16 years old.  10 years later, MetroLyrics.com is the world’s largest online lyrics website and the third largest general music website.

MetroLyrics.com is the most comprehensive database of legal lyrics in the world with more than 700,000 songs.  The site generates over 25 million unique users a month across the globe with nearly 12 million of those in the United States (comScore, August 2011).  MetroLyrics.com co founders Alan Juristovski and Milun Tesovic will join CBS Interactive Music Group’s senior management team and will continue to lead MetroLyrics’ digital media offering.

CBS Interactive Music Group is comprised of a diverse collection of leading consumer music brands.  Broadcast, online and personalized products are readily accessible across a variety of digital and mobile platforms by a worldwide audience of more than 50 million unique monthly users.  Music fans can interact with material from the biggest names in the industry, as well as discover new and breaking artists, create their own listening experience and share their personal taste in music with friends and other like-minded fans.

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