@hypebot: Court Approves $43.4M Spotify [Songwriter] Compensation Fund Settling Class Action Lawsuit

[Editor Charlie sez:  The $43.4 million fund ordered by the Court is a downpayment on the $112.55 million settlement with the class.  Noteably, the members of that class do not include National Music Publishers Association members (96% of their members who settled for $30 million, apparently mostly the big guns but terms are confidential) or the Wixen objectors.]

The court has approved the settlement of combined class action lawsuits originally brought against Spotify for copyright infringement by musicians David Lowery and Melissa Ferrick. The settlement guarantees an artist  compensation of $43.4million plus future royalties. The full settlement totals $112.55 million, including legal fees.

The ruling came despite objections of major music publisher Wixen and several songwriters and publishers who argued that the settlement was too small.

“The court heard a lot of testimony and did the best it could under the circumstances,” attorney and artist advocate Christian Castle tells Hypebot. “It’s still far and away the most money anyone has gotten so far from Spotify’s gross and willful infringement of song copyrights.  Next time maybe they’ll pay more attention to the little guy.”

Read the post on Hypebot

Read the Court’s Order and Final Judgement

 

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