Michael L. Feinstein, P.A. issued the following announcement on Dec. 24.
Certain companies may not take the correct steps to ensure that they have received the necessary permissions to use a product. In such cases, the companies that own the rights to those products may suffer damages. As a result, those businesses that suffer may choose to move forward with business litigation in order to seek compensation for resulting damages.
Florida readers may be interested in a lawsuit between Spotify and Wixen Music Publishing. Spotify is a music streaming service that allows individuals to listen to millions of songs through various means. However, Wixen claims that Spotify did not have the correct licensing to use certain songs by artists that the publishing company represents, like Neil Young and Tom Petty. Wixen also asserted that Spotify did not provide proper compensation for the use of those songs.
Wixen filed a lawsuit in efforts to obtain $1.6 billion in compensation for resulting damages. However, it was recently reported that the lawsuit came to a settlement. The details of that settlement were not disclosed, but Spotify will apparently provide some amount of monetary compensation to Wixen. Representatives for Wixen also claim that the settlement has resulted in a broader business partnership between the two companies.
Original source can be found here.