That's a lot of content to get licensed. You have to individually negotiate with every band and artist to get the license for their lyrics?
- Gracenote (they sold their lyrics licensing to lyricfind)
- Lyricfind
E.g. Google and Bing also license their lyrics offering through Lyricfind.
I only deal with them.
Tracking down loose artists on your own initiative just to give them enough money that they won't track you down and sue you seems like an overly honorable use of time and money to coexist with a successful business.