Connect with us

Culture

Spotify Being Sued For 1.6 Billion Dollars

Published

on

Spotify is on the verge of becoming the biggest stream service to become a publicly traded company, but that is not without controversy. Spotify is the most successful in the music streaming business, with over 60m paying subscribers. It is reportedly valued at $19 billion dollars.

Wixen a royalty firm is suing Spotify for $1.6 billion dollars for hosting songs it allegedly doesn’t have the full rights to. Wixen collects royalties on behalf of artists including Tom Petty, Neil Young, Janis Joplin and the Doors, alleges that Spotify “took a shortcut” when it cut deals with major labels to host their back catalogues.

The suit which was filed on Wednesday,  states that under the US Copyright Act, each song has two copyright claims: one to the recording, and the other to the composition. 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.

In 2016, it paid over $20m in outstanding royalties to a number of publishers via the National Music Publishers’ Association, while in May 2017, it settled a lawsuit with three small publishers, including the estate of Jaco Pastorius, for over $43m.

Culture

Puma Promises To Donate Proceeds From Peace On Earth Shoes To Trayvon Martin Foundation

Published

on

Puma has decided to show their support for against gun violence with a new line of sneakers.

The company announced it will donate $5 dollars from each shoe sold from the Peace On Earth line to the Trayvon Martin Foundation.

The PUMA Clyde Court colorway features a feather white knit build with off-white accents. Grey is featured at the heel counter while a touch of jolly red can be found at the top eyelet.

The sneaker will release on December 20.

Continue Reading

Culture

Juicy J Backed Water Company Sells For $525 Million

Published

on

Juicy J is celebrating after his investment in Core Water brand has paid off.

The company has been acquired by Keurig Dr. Pepper for $525 million. The Oscar-winning artists commented on the deal via Instagram typing, “The best investment I made in my life.”

Wholesale sales for CORE were between $70 and $80 million, while retail sales were close to $200 million. KDP expects to reel in $90 million in tax benefits as part of the deal.

“KDP has been an outstanding partner for CORE and I am certain that, under its ownership, CORE will continue to see tremendous long-term success,” founder Lance Collins said in a press release. “I am a strong supporter of the KDP strategy and business model and am looking forward to being a shareholder in the company.”

 

Continue Reading

Culture

Drake Wins Lawsuit Over Woman’s False Rape And Pregnancy Claims

Published

on

Drake has won his lawsuit with the woman that made false pregnancy and rape allegations against him in 2017. Layla Lace met Drake during last year’s Boy Meets World Tour in Manchester, England, where he claimed they had consensual sex.

According to TMZ, Drizzy won his case and Lace is prohibited from using media to assert the claims. Manchester police also investigated, once Lace made the claims and could not find any evidence.

Drake claimed that when he stopped responding to subsequent messages, she allegedly began threatening to leak their correspondence, publicly claimed he had impregnated her, accused him of rape, and demanded “millions of dollars” in exchange for silence. Drake is reportedly suing for civil extortion, emotional distress, fraud, defamation, and abuse of process.

The suit claimed Layla refused to take a paternity test and Layla and her lawyer went radio silent. Drake says the whole thing was a scam … “There is no credible evidence of pregnancy, nor any baby, which would have been born last Fall.”

Celebrity attorney Larry Stein, who’s repping Drake, tells TMZ … “The filing made by Drake against Layla Lace has been resolved, with Layla avoiding going to trial by agreeing to a stipulated judgment which prohibits her from repeating past statements she made against Drake.  Drake and his team are satisfied with this outcome and while Drake appreciates the support he has received, he asks that his fans and the media allow both parties to move on with their lives”

Continue Reading

Popular

Copyright © 2017 Clutch Media Group.