US copyright has way too much international authority.
Spotify wouldn't even exist without illegal file sharing on the outset.
Spotify hit with $1.6B copyright lawsuit
31–40 of 347 posts
Re: Spotify hit with $1.6B copyright lawsuit
#32Let's be clear what this is really about: Spotify is rumored to go public next year.
Re: Spotify hit with $1.6B copyright lawsuit
#33This doesn't shock me at all. I recall a while back reading how Spotify allegedly started their service with downloads from The Pirate Bay: https://torrentfreak.com/spotifys-beta-used-pirate-mp3-files...
Which is evidence that copyright hold back innovation.
This is a controversial stance but I too don't understand why patents are generally limited to 20 years but creative copyright is granted until 70 or more years after the death of all participating authors. If you cannot make money off of your work within 20 years, it's highly unlikely that this will change.
Re: Spotify hit with $1.6B copyright lawsuit
#34At the bottom of the article is says "SPONSORED". But I can't find who sponsored it? Edit: Ok thanks for the screenshots. I disabled my adblocker but they're still not showing up. Probably just something broken.
For anyone concerned, there's nothing to worry about! This specific article isn't directly sponsored. It's just a generic ad network at the bottom that's 'SPONSORED'.
Re: Spotify hit with $1.6B copyright lawsuit
#35This doesn't shock me at all. I recall a while back reading how Spotify allegedly started their service with downloads from The Pirate Bay: https://torrentfreak.com/spotifys-beta-used-pirate-mp3-files...
The CEO is a former CEO of BitTorrent.com.
Do you mean uTorrent? Seems he headed that until it was sold to BitTorrent
Re: Spotify hit with $1.6B copyright lawsuit
#36Re: Spotify hit with $1.6B copyright lawsuit
#37This doesn't shock me at all. I recall a while back reading how Spotify allegedly started their service with downloads from The Pirate Bay: https://torrentfreak.com/spotifys-beta-used-pirate-mp3-files...
It is my belief that their library was in some portion built by exflitrating data from user's computers.
I have an enormous collection of lossless audio and noticed it using lots of bandwidth. The desktop versions insist on loading when the machine boots, and use subsantial amounts of bandwidth/memory at idle.
Re: Spotify hit with $1.6B copyright lawsuit
#38> In May, the Stockholm, Sweden-based company agreed to pay more than $43 million to settle a proposed class action alleging it failed to pay royalties for some of the songs it makes available to users. This number seems closer to reality. It may be Tom Petty, Neil Young, and the Doors, but they're not worth nearly 10% of Spotify's valuation, and that certainly wouldn't match a compensatory amount in revenue that Spo…
> but they're not worth nearly 10% of Spotify's valuation
FYI - This is very likely not the metric they're after and so it's probably not helpful to frame against it. Valuation is a measure of the value of the company at any given time. In this case they're seeking damages for revenues that Spotify has made in the past as a result of alleged unlicensed content.
If you're trying to scope against Spotify's valuation, then likely you'd be looking at their earnings/profit, which as of reports since October 2017 is still negative. In other words, if there is indeed $1.6B to pay for unpaid royalties, then Spotify's already abysmal financials are going to look even worse.
Re: Spotify hit with $1.6B copyright lawsuit
#39This doesn't shock me at all. I recall a while back reading how Spotify allegedly started their service with downloads from The Pirate Bay: https://torrentfreak.com/spotifys-beta-used-pirate-mp3-files...
You wouldn't do that, to build and test and demo your app, while your lawyers negotiate forever for rights?
Re: Spotify hit with $1.6B copyright lawsuit
#40Added another source to assist discussion for more context: " https://www.hollywoodreporter.com/thr-esq/spotify-hit-16-bil... And Quote : "The Settlement Agreement is procedurally and substantively unfair to Settlement Class Members because it prevents meaningful participation by rights holders and offers them an unfair dollar amount in light of Spotify’s ongoing, willful copyright infringement of their works," ... "…
Bad link. Remove the quotes.
Might help if you explained why you think that is the case.