Spotify face $1.6 billion copyright lawsuit

Neil Young performs during the 30th Anniversary Bridge School Benefit Concert at Shoreline Amphitheatre on Oct. 23 2016 in Mountain View Calif

It's alleged that the Swedish-based music streaming service features tracks including The Doors' Light My Fire, Tom Petty's Free Fallin' and (Girl We Got A) Good Thing by Weezer without a direct licence and, as a result, Wixen Music Publishing have filed the lawsuit in California. Wixen handles copyright management and royalty compliance for artists including Tom Petty, The Doors, Neil Young and Missy Elliot.

According to news website Axios Spotify has filed documents for an initial public offering (IPO) in December.

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He added his government has "hard evidence" the recent protests in Iran were "very clearly directed from abroad". He added that changes in Iran will come from the people and not from overseas .

The company is the most successful in the music streaming business, with over 60m paying subscribers.

If the company lists on the New York Stock Exchange, as expected, it would be the first to do so with a direct listing.

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This is just the latest legal action facing Spotify, which declined to comment on the lawsuit. This will mean the shares have no predetermined price. A source claimed to the Wall Street Journal, however, that the suit won't in fact affect the timing for the direct listing.

Spotify has found itself in hot water over failure to pay royalties in the past, so much so that it agreed to fork out more than $43 million (~£32m) previous year to settle a proposed class-action lawsuit claiming it failed to compensate independent artists. Wixen claims that Spotify didn't obtain the composition rights in their deals, and is seeking damages of $150,000 per song, for over 10,000 songs. The lawsuit, filed by Wixen Music Publishing, alleges the service uses thousands of songs it hasn't licensed.

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