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Spotify struck royalty deal with music publishers
Swedish commercial music streaming, podcast and video service Spotify has struck an agreement with the National Music Publishers Association (NMPA) over unpaid royalties.
New York : Swedish commercial music streaming, podcast and video service Spotify has struck an agreement with the National Music Publishers Association (NMPA) over unpaid royalties.
The music streaming service will pay USD 21 million to publishers and USD 16 million to songwriters, set for royalties, the independent quoted the Verge.
"We must continue to push digital services to properly pay for the musical works that fuel their businesses and, after much work together, we have found a way for Spotify to quickly get royalties to the right people," NMPA president David Israelite said in a statement.
In recent months, Spotify has faced a number of lawsuits from the musicians, who have challenged the firm's alleged failure to licence artists' works before making them available for streaming.
"As we have said many times, we have always been committed to paying songwriters and publishers every penny. We appreciate the hard work of everyone at the NMPA to secure this agreement, and we look forward to further collaboration with them as we build a comprehensive publishing administration system," Spotify's head of communications Jonathan Prince said in a statement.
Spotify is a Swedish commercial music streaming, podcast and video service that provides digital rights management-protected content from record labels and media companies. It is available in most parts of the US, Western Europe and Oceania. Music can be browsed or searched by artist, album, genre, playlist or record label.
