A few days ago, the Swedish streaming music firm announced through Twitter that it just reached 70 million paying subscribers, while the latest official figures from Apple, dating back to September, affirm that the service music streaming from Apple has 30 million users.
The announcement is particularly striking, since minutes after the publication of the tweet, it was deleted to be published again a few hours later, it may be that the Community Manager of the Swedish streaming music platform went ahead and published it when it was not there yet. provided. But not all is good news for Spotify.
A few days ago the record company Wixen Music Publishing filed a lawsuit against Spotify for 1.600 billion dollars for copyright infringement. It is not the first time that Spotify has faced a lawsuit of this type but not always. The operation of the agreements in some countries, such as the United States, require a physical license to be able to reproduce the content in any medium, and the music services in sreaming are not at all an exception.
Within the record company Wixen Music Publishing, there are artists of the stature of Tom Petty, Neil Young, Dan Auerbach, Dand's Donald Fagen among others. If the Swedish streaming music company finally lost demand, it would be a serious blow for the company, since the figure demanded by Wixen, represents 10% of the estimated value that the company currently has, a company, which according to the latest leaks , is preparing all the documentation to be able to go public throughout this year, an IPO that was planned, but whose date had not been announced either by the Spotify company or by the large number of investors behind it. she.
