Spotify Hit With $1.6bn Lawsuit By Wixen Music Publishing

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LOS ANGELES (CelebrityAccess) — Music streaming company Spotify is facing a new lawsuit over the alleged use of thousands of songs from artists such as Neil Young, The Doors, and Tom Petty with a license from the copyright holder Wixen Music Publishing.

According to the Hollywood Reporter, Wixen, through their lawsuit filed in a California federal court, is seeking as much as $1.6 billion in damages from Spotify, along with injunctive relief.

In their suit, Wixen alleged that Spotify failed to obtain a compulsory license from the music publisher that would allow Spotify to reproduce and distribute the songs via their streaming platform.

Spotify declined to comment to Reuters regarding the lawsuit.

Spotify, which is planning to take their stock public later this year, is currently valued at almost $20 billion. The company has previously settled lawsuits over royalties, including a reported $43 million settlement in a class action suit in May.

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