Spotify Scoops Up Loudr To Strengthen Royalty Payments

Freshly public Spotify (NYSE: SPOT) doesn't have the greatest track record of accurately paying royalties to music artists. The company has been hit with numerous lawsuits over the years over its payouts, most recently by Wixen Music Publishing in January.Wixen's suit is seeking $1.6 billion in damages after alleging that Spotify failed to properly compensate artists.

 

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