Record labels sue Project Playlist

Nine major record labels filed suit against Project Playlist Inc., accusing the online music provider of a “massive infringement” of their copyrights on the songs of artists such as U2 and Gwen Stefani.

Project Playlist (www. projectplaylist.com) enables its users to easily find, play and share music with others for free, according to the suit filed in U.S. District Court in New York.

The Beverly Hills-based company, an affiliate of KR Capital Partners, also allows users to embed their personalized playlists on social network sites such as MySpace, Facebook and Blogger, the lawsuit said.