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Spotify Passes 140 Million Users, Promises to Pay Labels $2 Billion as Losses Widen http://variety.com/2017/biz/news/tom-petty-kenny-rogers-anthony-perkins-more-slam-spotifys-proposed-43-million-licensing-settlement-1202557451/
As Spotify continues to clear the decks for an expected public offering ...r or next, it has hit another potential roadblock.
In May, the company proposed a $43 million settlement in an effort to resolve any claims that the company hasn’t paid proper mechanical licenses for song compositions. That deal is still awaiting a judge’s approval.
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