Spotify claims it 'overpaid' songwriters and wants its money back

guest · Jun 21, 2019

Spotify claims it 'overpaid' songwriters and wants its money back
Spotify said the money can be paid back before the end of 2019
June 21, 2019
https://www.engadget.com/2019/06/21/spotify-overpaid-royalties-songwriters-publishers-crb/

Spotify and music publishers have been in a bit of a tiff for months over a planned royalty rate increase that would require streaming services to pay more to artists.
Spotify now claims that it overpaid songwriters and publishers last year, and now it's asking for its money back, according to Music Business Worldwide.

The entire issue stems from a decision made by the US Copyright Royalty Board (CRB) that would mandate higher payouts for streaming content. The increase, which would affect services like Spotify, Apple Music, Pandora and others, would raise royalties by 43.8 percent over the next five years.

Complicating the matter is a bit of complexity relating to how discounted student and family subscriptions are treated under the new revenue plan.
Based on Spotify's calculations, the company says it overpaid songwriters and publishers, and now wants that money back.
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Spotify claims it 'overpaid' songwriters and wants its money back

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