Spotify To Pay $5M Damages

1 Comment 8 March 2016

Spotify To Pay $5M Damages

The National Music Publishers’ Association’s (NMPA’s) settlement with Spotify - which Billboard has reported on previously - will include the streaming service paying $5 million in damages on top of the $16-25 million that the service owes music publishers and songwriters. (A source tells Billboard that the deal has yet to be signed.)

Now publishers and songwriters that own their publishing will have to decide between opting in to the settlement or joining one of the class-action lawsuits filed against the service.

Since most interactive music services can’t accurately report on and pay the publishers’ royalties, chances are likely that the NMPA’s template for its Spotify settlement will be brought to other digital services. Click on the link below to read more…

Author: Ed Christman, Billboard

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Your Comments

One Comment

  1. Spotify says:

    Wow its going to be the second big loss to spotify, I think that the reason that they converted their paid android version to free, The company is going in loss i think.
    Well whatever it is i love their service.

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