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ARTICLE · 19 JANUARY 2018

Semel Discusses Spotify's Strategy In $1.6B Copyright Suit

Pryor Cashman LLP
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In late December 2017, just days ahead of Spotify USA's initial public offering, Wixen Music Publishing filed a $1.6 billion lawsuit for copyright infringement against the streaming service giant

United StatesIntellectual Property
Benjamin Semel
Benjamin Semel
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In late December 2017, just days ahead of Spotify USA's initial public offering, Wixen Music Publishing filed a $1.6 billion lawsuit for copyright infringement against the streaming service giant.

The suit, filed in a California federal court, seeks damages stemming from Spotify's alleged repeated use of thousands of songs without appropriate licenses. Wixen also seeks injunctive relief which would require Spotify to "develop and implement procedures for identifying and properly licensing songs," according to the complaint.

According to reports, in December 2017 Spotify was valued at approximately $19 billion. The company apparently hoped to file an IPO in late 2017 and to list with the New York Stock Exchange in 2018.

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