At a hearing to judge the merits of a proposed $43.4 million settlement of a class-action lawsuit that would compensate publishers and songwriters for infringement, attorneys representing the interests of Tom Petty, Neil Young, Andy Paley and other songwriters questioned the size of the offer given the number of infringed songs.
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300,000 SONGS
A lawyer for Spotify offered a “ballpark” estimate that 300,000 songs had been streamed without mechanical licences during a hearing Friday to judge the merits of a $43.4 million class action settlement brought by songwriters and music publishers.
If the settlement is approved in its current form, Spotify would pay an approximate ‘fine’ of $100 per infringed song, after legal fees are deducted. It also seems likely that many of the 300,000 tracks were streamed multiple times each. Normally, statutory damages range from $750 to $150,000 per copyright infringement.
H/T: Billboard