Spotify to pay $21 million in unpaid royalties

Mar17

by Sindy Cator on March 17, 2016 at 8:29 pm

Music streaming service Spotify has reached an agreement with the National Music Publisher’s Association (NMPA) in responsibly paying back unpaid royalties that stretch as far back as Spotify’s inception. According to a report from The Verge, Spotify will pay out $21 million total for deals up to June 30, 2017. That $21 million would be split between a $16 million royalty fund and a $5 million bonus fund for publishers and songwriters to opt-in. The service also said it would work to monitor and fix administrative structures in order to prevent unpaid royalties from accumulating. Spotify is not the only music…