Spotify now has 70M paying subscribers

Spotify now has 70M paying subscribers

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".

University of Georgia football by the numbers
The University of Alabama Crimson Tide will take on the Georgia Bulldogs Monday night in a battle for the national championship. They came back to win something big, so it would be fitting if they left Athens after winning the biggest game there is.

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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