Spotify to show whether investors believe in music's resurgence

07 Enero, 2018, 01:58 | Author: Misty Newman
  • Spotify now has 70 million paying subscribers nearly double that of Apple Music

First, it is next to impossible to track and file litigation against all the individuals who are illegally downloading and redistributing music content, but it is definitely possible to identify these major companies that are making it possible. And in March 2016, Spotify announced 30 million paying members, taking six months to hit its milestone in September, for a 33 percent rise.

Spotify's top content executive is leaving, just ahead of the streaming music company's planned public offering. DeMarte said he expects Wixen to settle its case for far less than the damages it is seeking and that it is unlikely any of the publisher lawsuits go to trial.

Spotify filed court papers on Friday that questioned whether Wixen's clients had authorized the company to take that action, claiming that it had given its clients only a brief opt-out period before their names would be included in the suit.

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".

The lawsuit alleged Spotify had used thousands of songs without properly getting the license to distribute them, according to The Hollywood Reporter.

Wixen handles titles by Stevie Nicks, Neil Young, Tom Petty, the Doors, and Weezer's Rivers Cuomo, among others.

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Spotify has yet to comment on the issue.

Music licensing is notoriously complex, with each song having multiple rights holders who can be hard to identify and locate.

Spotify is one of the widely used music streaming services around the world due to its availability across several platforms for different hardware products.

This is not the first time that Spotify has found itself in the hot seat, but this is definitely the most they have stood to lose at once. They already have a $43 million settlement which was proposed back in May.

In its own lawsuit, Wixen described the 2017 settlement as "grossly insufficient".

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