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Spotify IPO is underway, with initial documents filed in late December

One of the perpetual stories that kept appearing in out 2017 headlines was the lingering question of Spotify and its plan for an IPO. The signs had pointed toward the streaming service pursuing a direct listing. Now, news has emerged that Spotify filed the confidential documents with the SEC to begin the IPO process in the final days of December. Continue Reading

Publisher hits Spotify with $1.6 billion licensing lawsuit

Publisher Wixen has sued Spotify over claims that the streaming service used thousands of songs without the proper license. The suit was filed on December 29 in California federal court. Wixen is looking to recoup damages of at least $1.6 billion plus injunctive relief. The publisher represents titles by several well-known artists, including Tom Petty, Neil Young, and Stevie Nicks. Continue Reading