Music streaming service Spotify has agreed to pay $43 million into a fund to compensate songwriters for use of their music, according to settlement documents filed May 26 in federal court (Ferrick v. Spotify USA Inc., S.D.N.Y., 16-8412, motion to approve preliminary settlement 5/26/17).
The agreement would settle claims in a proceeding that consolidated class actions filed in 2015 and 2016 by folk singer Melissa Ferrick and singer-songwriter and guitarist David Lowery, who is the frontman for the band Cracker and the founder of alternative rock band Camper Van Beethoven.
The songwriters claimed that Spotify USA Inc. was ...
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