Spotify’s economic disparity is way worse than you thought when you value streams based on market capitalization.
Spotify exec says come for the exposure, stay for the mansplaining.
“We never get accustomed to being less important to other people than they are to us.” Holly Martins in The Third Man by Graham Greene As MTP readers will recall (especially newsletter readers), Spotify is being sued in Nashville by the publishers of a good chunk of Eminem’s extremely popular catalogs (on albums each streamed […]
Remember when we were all appalled that Pandora founder Tim Westergren was making $1,000,000 a month from selling Pandora stock while he was behind fighting songwriters in rate court for ASCAP and BMI royalties and stiffing artists with the Internet Radio Fairness Act and refusing to pay pre-72 artists? And then there was the 13 bathroom house in Marin. It was all a bit hard to stomach.
According to Jem Aswad in Variety, Daniel Ek is putting Westergren in the rear view mirror for sheer excess.
Editor Charlie sez: Another songwriter group against the controversial Music Modernization Act! See the Songwriter’s Guild opposition letter here and read the legislation here.]
NPR’s Andrew Flanagan on the controversial Transparency in Music Licensing and Ownership Act (TIMLAOA). via @philouza: New Bill Calling For Transparency In Music Is Surprisingly Opaque — Artist Rights Watch
Spotify was served in federal court in Nashville with two new lawsuits for massive copyright infringement by parties represented by Richard Busch (who has a strong track record in the area). Based on the allegations in the complaint and reports about what appear to be breaches of Spotify’s recently concluded settlement with NMPA, it seems […]
According to MusicAlly, Spotify has recently taken dodging songwriters to a whole new level by refusing to pay the Swedish authors’ collecting society Svenska Tonsättares Internationella Musikbyrå or “STIM.” That’s right—Spotify the Swedish company is stiffing the Swedish collecting society STIM for payments to Swedish songwriters (and any other writers STIM collects for). And in a great example of Spotify’s seemingly endless right hand/left hand problem, Spotify is stiffing STIM at the same time as Spotify is launching its high profile charm offensive for superstar songwriters (“Spotify Secret Genius”) and trying to get a federal judge to approve a class action settlement.
[A version of this post appeared in last month’s MusicTechPolicy Monthly.] While Spotify’s technocrats may be breathing a sigh of relief after the company’s most recent multimillion dollar settlement with songwriters, it is well to remember that the company is probably not anywhere close to out of the woods. As others have learned the hard […]
A combination of factors have gotten Spotify where it is now. Market conditions, bad management, arrogance, stiffing songwriters and getting too big, too fast. Until all those things change to one degree or another, it’s likely that the Spotify IPO myth will remain just that. via Spotify IPO Watch: Blame ≠ Profit — Music Tech Solutions