Spotify now has 70M paying subscribers

Spotify's Chief Content Officer Leaves Ahead Of Planned Public Offering

Its closest competitor, Apple Music, reported 30 million subscribers in September. Spotify launched in 2008 and Apple Music came on the scene in 2015. Reuters had previously reported Spotify was aiming to file for an IPO in late 2017 and list with the New York Stock Exchange early this year.

But now it needs to deal with Wixen's lawsuit.

Under the Copyright Act, there are two separate copyrights to every recorded song: one for the sound recording (this revenue typically goes to the record label) and one for the musical composition (this revenue typically goes to the publisher and songwriter). Some of these songs are owned by Wixen via copyright.

The suit, which alleges that Spotify is using thousands of songs without a proper license, was filed on December 29 in California federal court. "But Spotify failed to obtain either license type", and instead outsourced that role to the Harry Fox Agency, which the suit says "Spotify knew ... did not possess the infrastructure to obtain the required mechanical licenses and Spotify knew it lacked these licenses".

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Cleveland might not be that place anymore after this season. "The [Thomas] injury affected them a lot". The Cavaliers had a miserable shooting night, making just 31-of-89 attempts for 34.8 percent shooting.

Spotify did not respond to a request for comment.

Wixen handles titles by Stevie Nicks, Neil Young, Tom Petty, the Doors, and Weezer's Rivers Cuomo, among others. They also said that the streaming service did not take all the steps in identifying the proper rights-holders to the songs in question.

This was also not the first time Spotify has been involved in a multi-million dollar lawsuit and settlement case. Blom, who first joined Spotify in 2014, was responsible for helping the streamer ink licensing pacts with music labels as well as helming its original video strategy. They already have a $43 million settlement which was proposed back in May.

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