Although this isn't my forte', the Leadsinger mic uses it's own software to do the graphics.
Check out
http://www.es2entertainment.com/t-lyrics.aspx for more details. I saw on there that instead of a .cdg file, it uses another format.
Looks like you need to use their "minilyrics" file, which is executable from
http://www.leadsinger.com/product.php?p ... =14&page=1
Quote:
4. When the song has finished and you are satisfied with the results, save the lyric file by:
right clicking the background of MiniLyrics,
selecting Lyrics -> Save Lyrics As from the context menu.
5. When saving lyric file for the MVK series microphone, the name of the file MUST be identical to that of the MP3 file. For example if the song is abc.mp3 then the lyric file must to be named abc.lrc otherwise, it will not work.