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Spotify Wins Approval of $112.5 Million Deal to Settle Copyright Class Action

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Spotify Wins Approval of $112.5 Million Deal to Settle Copyright Class Action

Postby MrFredPFL » Thu May 24, 2018 12:30 am

Story : https://www.hollywoodreporter.com/thr-esq/spotify-wins-approval-1125-million-dea





As U.S. Congress nears passage of the first significant music licensing reform in decades, Spotify is breathing easier after a federal judge on Tuesday granted final approval to a class action settlement on the copyright front.

About three years ago, Spotify was hit by a pair of class actions — one led by David Lowery and the other by Melissa Ferrick — that alleged Spotify hadn't adequately completed the steps including payment for compulsory licenses of their song compositions. After the cases were consolidated, Spotify and songwriters came to a proposed settlement worth more than $112.55 million, including an immediate cash payment of $43.55 million to class members and a commitment to pay ongoing royalties.

The settlement generated controversy, especially from Wixen Publishing Group, whose songwriters included Tom Petty, Weezer's Rivers Cuomo, Zach De La Rocha and Tom Morello of Rage Against the Machine, The Black Keys' Dan Auerbach and others.

"The Settlement Agreement is procedurally and substantively unfair to Settlement Class Members because it prevents meaningful participation by rights holders and offers them an unfair dollar amount in light of Spotify’s ongoing, willful copyright infringement of their works," stated the Wixen group in a filing.







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