Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher.
I don’t know how something like this could possibly happen with a company like Spotify. The entire business is getting licenses to stream music, but apparently they didn’t do that.
I’m not really surprised. As a business they’ve never had a profitable quarter so they’re probably cutting corners left and right to figure out how to become profitable. VC funding can’t last forever.