Spotify signs deal on royalties

stockholm - Music service Spotify has reached an agreement with the National Music Publishers Association (NMPA). The settlement was reached because of the non-payment of royalties. In total, Spotify thirty million dollars (over 27 million) freed.

Spotify comes with a list of music that it has not paid royalties for. Music publishers can then view the list and indicate on what music they should receive royalties. The agreement is going to prevent the court. That could have according to Billboard major impact on the financial position of Spotify. The music publishers, however, did not go to court because they claimed NMPA CEO David Israelite 'sincerely wish that streaming services have been successful. '