Spotify inks NMPA agreement for songwriter royalty plans

The National Music Publishers Association has signed an agreement with Spotify centered on songwriting royalties. The arrangement allows publishers to claim and receive royalties for certain compositions on the streaming platform where ownership details were not previously known. It also establishes a compensation fund and a path for finding rights holders who should receive royalties. Continue Reading

Spotify reportedly plans another financing round, prepping to draw battle lines

Investment firm TPG Capital is reportedly considering an investment in Spotify. Sky News said that TPG is in talks to provide financing of as much as $500 million in loan notes, which could lead to Spotify increasing the size of its offering to up to $1 billion. These alleged fundraising plans come as Pandora continues to voice its intention to build a competing on-demand music service. Continue Reading

Deezer, Rhapsody reportedly react to David Lowery’s Spotify lawsuit

In the wake of David Lowery’s lawsuit against Spotify, other streaming services are now allegedly moving to protect themselves against similar actions. Both Deezer and Rhapsody have reportedly made moves related to Lowery’s catalogs with the bands Camper van Beethoven and Cracker. Continue Reading