Spotify drags Apple to court over abuse of its in-app purchase system

Apple’s unfair business practices had led Spotify to lodge a complaint with the EU’s antitrust regulators. In a potentially significant development, Spotify has filed a complaint with the European Commission against Apple saying Cupertino unfair business practices limits rivals to its own Apple Music streaming service. According to Spotify’s complaint, “Apple’s control of its App…

Spotify Technology SA takes direct route to markets, saves millions of dollars in underwriter fees

The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…

Wixen Music Publishing Inc sues Sweden’s Spotify over copyright infringement for $1.6 billion

In its lawsuit Wixen Music Publishing has alleged that Spotify has made available thousands of songs to its users without getting a direct or a compulsory license from it which allows it to either distribute or reproduce the songs. Wixen Music Publishing Inc has sued Spotify, a music streaming company for allegedly using thousands of…