Spotify sued for $1.6bn in unpaid royalties as it reportedly files for IPO
Digital music and audio | The Guardian 2018-01-03
Summary:
The music streaming service faces a claim on behalf of artists including Neil Young and Janis Joplin as it prepares a share sale
Music streaming service Spotify has been sued by a music publishing company for $1.6bn (£1.18bn), for hosting songs it allegedly doesn’t have the full rights to. The news comes at an awkward moment for the tech company, which is reportedly preparing for a stock market sale.
Wixen, a Californian company that collects royalties on behalf of artists including Tom Petty, Neil Young, Janis Joplin and the Doors, alleges that Spotify “took a shortcut” when it cut deals with major labels to host their back catalogues.
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