Marketing Madness

Spotify May Owe $1.6 Billion To Music Creators

2018 may see Spotify finally going public — the streaming giant confidentially filed IPO documents with the SEC at the end of December, Axios reports. But before any of this happens, Spotify must contend with a new copyright lawsuit from Wixen, the music publisher of musicians such as Tom Petty, Neil Young, Weezer, and The Doors.

According to the plaintiff, the losses are worth at least $1.6 billion along with injunctive relief. Wixen alleges that Spotify outsourced its work to a third party licensing and royalty services provider, which was “ill-equipped to obtain all the necessary mechanical licenses,” CNBC reports.

In May 2017, Spotify offered a $43 million settlement with songwriters to try and resolve any claims that the company hadn’t paid proper mechanical licenses for song compositions.

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Pesach Lattin

Pesach "Pace" Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.

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