As a result, there were a flurry of lawsuits over unpaid mechanical royalties in the mid-2010s, but the 2018 Music Modernization Act was meant to bring all that to an end.
Spotify and other digital firms were repeatedly accused of not meeting those requirements as streaming became the primary recorded music revenue stream in the US. However, for the compulsory licence to apply a streaming service must meet certain admin requirements. The dispute specifically relates to the licensing of the mechanical rights in Eminem’s songs, which are subject to a compulsory licence under US copyright rules, which means the rates are set in law. They also implied that the plaintiffs were mainly pushing for the deposition just to piss Ek off.Įight Mile Style sued Spotify in 2019 over allegations the streaming firm hadn’t properly licensed the rapper’s music for its US service and was therefore liable for copyright infringement. Legal reps for Spotify had tried to block an Ek deposition on the basis that he’s super busy and wasn’t hands-on involved in the licensing specifics this case centres on. In morning trading, shares of Spotify added 3.5% to $101.32.Business News Digital Labels & Publishers Spotify fails to block Daniel Ek deposition in dispute with Eminem publisher By Chris Cooke | Published on Friday 1 April 2022Ī US court has said that Spotify chief Daniel Ek must participate in a deposition as part of the streaming firm’s ongoing legal battle with Eminem’s music publisher Eight Mile Style. Spotify had 4,405 employees in 2019, before the pandemic began, according to that year’s annual report. Just last week, Google announced it was slashing 12,000 jobs while Microsoft said it would cull 10,000 workers, bringing to at least 48,000 the number of cuts that Big Tech companies announced in January alone.Įven with all of the recent layoffs, most tech companies are still vastly larger than they were three years ago. “I take full accountability for the moves that got us here today,” Ek said.Īfter years of heady growth, analysts say tech companies are being forced to cut jobs in preparation for an economic dowturn that’s likely to cut demand for their software, products and services and reduce digital ad spending.
Ek didn’t give an actual number of job losses but a company spokesman said it’s 600, based on 9,808 employees listed in its latest quarterly report. He said that’s why the company is cutting its global workforce by about 6%.
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