Legal

Newsletter for Legal created at February 10, 2025 06:51

#Claim #Copyright #Lawsuit #Licence #Buyout

"Spotify's Legal Battle and Cost-Cutting Plans Revealed in SEC Filing"

In Spotify's 20-F filing with the SEC, it quantifies the amount of publishing royalties at stake in its legal battle with the US Mechanical Licensing Collective (MLC) over bundling, estimating around €150 million of additional royalties. The filing also highlights Spotify's cost-cutting program in 2024, including a reduction in the number of full-time employees and R&D and sales and marketing costs.

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