Music Mondays – Spotify settles $1.6 billion lawsuit with music publisher

Spotify announced on Thursday that it has settled the lawsuit brought forth a year ago by Wixen Music Publishing, the publisher representing the works of artists including Neil Young, The Doors and Tom Petty. The massive lawsuit alleging that Spotify was using thousands of songs without the proper licensing and compensation — in which Wixen was reportedly seeking damages of up to $1.6 billion — has concluded with a final dismissal of the suit and a “broader business partnership between the parties.”

Wixen raised the case in December 2017, claiming that the music-tech giant was hosting tens of thousands of songs managed by Wixen on its streaming service without holding the proper copyright to them. It also said Spotify offered “outrageous annual salaries to its executives” while skimping on artist payments.

Thursday’s settlement of the lawsuit, which involves Spotify paying an undisclosed sum to the publisher, has a markedly different tone, with Wixen’s president Randall Wixen calling the streaming service a “true partner to the songwriting community.”

– Excerpt from an article written by Amy X. Wang for Rolling Stone. Find the full article here

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