Spotify will spend 21 million on outstanding royalties

Spotify will spend 21 million on outstanding royalties

Spotify will spend 21 million on outstanding royalties

Spotify representatives have announced that they have come to an agreement with the National Music Publishers Association (NMPA) to pay royalties for use of the songs in the popular service. The company will have to pay a total of $ 21 million.

Music services such as Spotify are very careful about settling with all copyright holders of the songs they use. Sometimes, however, for some songs, copyright issues are not entirely clear and due to the lack of accurate information, no one knows who to give money to.

This was also the case with Spotify, which for some songs could not transfer money to the right people. Fortunately, one of the most popular music sites has come to an agreement with the National Music Publishers Association, which has affiliated music publishers and has finally obtained relevant information, and announced that it would pay a total of $ 21 million in royalties.

$ 16 million will be donated to royalty and songwriters, while the remaining $ 5 million will be awarded to the authors under a premium to compensate them for such a long waiting period.

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