Spotify to Pay $113M to Settle Copyright Class Action

A federal court finalized a $113 million class action settlement between music streamer Spotify USA Inc. and more than 500,000 owners of copyrights in musical compositions.

The May 22 ruling comes as Congress considers legislation to ease the music licensing and royalty system for streaming services. If it passes, the legislation could end a liability headache for Spotify as it begins its life as a public company. The legislative fix also would ease the way for competitors like Apple Music, Amazon Prime, and Google Play, together seen as the main source of income for music creators.

The U.S. District Court ...