Spotify Settlement Inadequate for Publisher Seeking $1.6 Billion
Spotify Said to File to Go Public on NYSE
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Spotify’s $43 million settlement with songwriters is being challenged in a new lawsuit from a publisher who says artists like Tom Petty and Neil Young deserve a lot more -- $1.6 billion more.
Wixen Music Publishing Inc. claimed in a lawsuit filed Dec. 29 that Spotify has infringed upon copyrights to 10,784 songs it administers, and is seeking $150,000 in statutory damages for each song. Spotify declined to comment.