Spotify hit with massive $1.6 billion lawsuit - News Summed Up

Spotify hit with massive $1.6 billion lawsuit


Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher. Spotify failed to get a director a compulsory license from Wixen that would allow it to reproduce and distribute the songs, Wixen said in the lawsuit, filed in a California federal court. Wixen also alleged that Spotify outsourced its work to a third party, licensing and royalty services provider the Harry Fox Agency, which was “ill-equipped to obtain all the necessary mechanical licenses”. Spotify declined to comment. Spotify, which is planning a stock market listing this year, has grown around 20 per cent in value to at least $19 billion in the past few months.


Source: Pakistan Today January 02, 2018 21:45 UTC



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