Fairness Rocks News Surprise! Spotify Says They ‘Overpaid Most Publishers In 2018’ — And They Want Their Money Back


Fairness Rocks News Surprise! Spotify Says They ‘Overpaid Most Publishers In 2018’ — And They Want Their Money Back

Home Industry News Surprise! Spotify Says They ‘Overpaid Most Publishers In 2018’ — And They Want Their Money Back

Author: Paul Resnikoff

Date: June 22, 2019

Original Source: Digital Music News

Industry News

Surprise! Spotify Says They ‘Overpaid Most Publishers In 2018’ — And They Want Their Money Back

Not only is Spotify fighting a proposed increase songwriter and publisher royalties.  They’re also demanding a refund, based on overpayments made in 2018 on family bundles and college plans.

The brand-new accounting comes from language in the updated Copyright Royalty Board code, which technically went into effect on January 1st, 2018.

“According to the new CRB regulations, we overpaid most publishers in 2018,” Spotify told Digital Music News late on Friday.  “While the appeal of the CRB decision is pending, the rates set by the CRB are current law, and we will abide by them — not only for 2018, but also for future years in which the amount paid to publishers is set to increase significantly.”

Read more: https://www.digitalmusicnews.com/2019/06/22/spotify-overpaid-publishers/