Spotify agrees to fund to settle copyright suits


  • TECH
  • Tuesday, 30 May 2017

Competing with YouTube: Spotify will air original music-themed series but most video will consist of short snippets.

NEW YORK: Music streaming leader Spotify has agreed to set up a US$43.45mil (RM186.12mil) fund to settle a potentially costly pair of US copyright lawsuits from artistes, lawyers said. 

The move marks the latest effort by the Swedish company to turn the page on messy disputes as it considers a public listing amid the soaring growth of streaming. 

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