Tom Petty's Publisher Sues Spotify for a Measly $1.6 Billion

03 January, 2018, 02:08 | Author: Austin Daniel
  • Daniel Ek

The publishing company also represents Zach De La Rocha and Tom Morello of Rage Against the Machine, the Black Keys' Dan Auerbach, Steely Dan's Donald Fagen, Weezer's Rivers Cuomo, David Cassidy, Neil Young, Sonic Youth's Kim Gordon, Stevie Nicks and many others. The lawsuit seeks at least $1.6 billion in damages and injunctive relief. In return, Spotify questioned Wixen's standing in the case, countering that while the publisher has the rights to administer these songs, their deals did not explicitly include the right to litigate on behalf of the songwriters.

I've reached out to Spotify and Wixen.

This all might seem like it's very heavy-handed or coming out of the blue, but this is not the first time that Spotify has run afoul of publishing services and artists.

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"Consequently, while Spotify has become a multibillion dollar company, songwriters and their publishers, such as Wixen, have not been able to fairly and rightfully share in Spotify's success, as Spotify has in many cases used their music without a license and without compensation", the lawsuit states. In May, Spotify settled a class action lawsuit with various songwriters for $43 million over claims that they hadn't adequately paid licenses.

Spotify, which has more than 60 million paying users, is expected to go public this year, with a valuation of about $20 billion, according to investment bank GP Bullhound, an early investor in Spotify. In the meantime, it's up to consumers to make informed decisions about how they get their music and whether or not the artists involved are being properly compensated.

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