Spotify Acquires Rights Company Loudr While Congress Weighs Pay Act
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Spotify is buying rights company Loudr in a move to beef up its ability to track and pay royalties to music publishers.
The move comes a day after the House Judiciary Committee approved legislation that would revamp digital licensing rules. Loudr will contribute to Spotify’s "continued effort towards a more transparent and efficient music publishing industry for songwriters and rights holders," Spotify said on its website. Loudr will add a team of publishing specialists and technologists to the company, which may aid the streaming service in navigating conflicts with artists over pay.