Flywheel will stop offering virtual courses in late March after reaching a settlement with rival Peloton earlier this month over patent infringement,media outlet The Verge reported. Live classes will end on March 1, but on-demand classes will run until 27 March. Peloton now offers existing Flywheel customers the option of swapping At Flywheel bikes for refurbished Peloton-branded bikes.
However, one customer forwarded an email to The Verge in which a Peloton representative said the company would not extend the offer to the people who financed their bikes. Flywheel said it would continue to work in indoor virtual classrooms, and that subscriptions to self-renewed home classrooms would automatically terminate.
Peloton sued Flywheel in September 2018, saying it copied the concept of its high-tech fitness bike and home-streamed classes. Peloton highlights the way exercise indicators are displayed on Flywheel bikes and the fact that riders on the Peloton platform can compete with each other in real time.
Mr. Peloton also claimed that at a private meeting, Flywheel investors lied to John Foley, Peloton’s chief executive, pretending to be curious about the company’s business plans. Three months after the meeting, Flywheel launched the Fly Anywhere bike. At the time, Flywheel denied the allegations, claiming it had been developing leaderboard competition courses before Theron’s iconic fitness bike was launched. Flywheel later admitted, however, that it had infringed Peloton’s patent. The two sides did not release details of the settlement.