Spotify Technology SA won dismissal of a lawsuit alleging it made a change to its premium service that cheated songwriters out of royalties.

Spotify convinced a New York federal judge on Wednesday to dismiss a lawsuit that accused the streaming service of underpaying songwriting royalties for tens of millions of songs.

Spotify won a ruling dismissing the Mechanical Licensing Collective's lawsuit alleging the streamer illegally cut royalty rates by adding audiobooks.

Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its audiobooks-music 'bundle.'

(CNN)– Spotify says it paid $10 billion to the music industry last year. That is a billion more than the streaming service paid out the previous year. It brings the grand total up to $60 billion since Spotify started in 2006. One caveat is artists do not necessarily see all of that money.

In the blog, humbly titled “Getting the world to value music,” Kaefer describes the pre-streaming era of music as an exclusive club that made it difficult for new artists to enter the industry. “Now, you can record something today and have it on Spotify tomorrow,” said Kaefer. “Everyone’s invited.”

Spotify's general counsel Eve Konstan will exit the streaming company on Friday (Jan. 31), she announced in a LinkedIn post.

Joe Rogan and 'Crime Junkie' both have more than 500 million all-time streams on Spotify, topping its inaugural Creator Milestone Awards.

The company's business may be more complex than Spotify's, but it's still simple and stable enough to work in any economy. SiriusXM pays a generous dividend, currently yielding 5% per year. The payouts are fully funded by free cash flows, even in a slow year like 2024. And did I mention that the stock is cheap?

Spotify and Universal Music Group (UMG) just slid into a major multi-year collab, and it’s about to shake up the music streaming game.

Spotify is looking to land more video creators. Its head of content partnerships shared how the platform is taking on podcast rivals.

The streamer contracts with production companies to create so-called “perfect fit content” that it pumps out under various pseudonymous artist profiles.