Epidemic Group, the parent company of Epidemic Sound, has named Erik Wahlberg as its Chief Executive Officer. Wahlberg is the founder and CEO of Blenda Labs, a Stockholm video production technology company that Epidemic Group bought in July 2026. He takes over from Sara Börsvik, who moves from interim CEO into the joint role of … Continued
The company set out that description in a statement responding to a second copyright lawsuit filed by Universal Music Group and Sony Music Entertainment.
Hangout launched in November 2024 with a catalog of over 100 million tracks, licensed from Sony Music Entertainment, Universal Music Group, Warner Music Group, and Merlin.
US copyright law sets damages for willful infringement at up to USD $150,000 per work. At that ceiling, the 60,202 recordings would carry a theoretical maximum of just over $9 billion.