Spotify secretly files for IPO this year

Wixen is also seeking an injunction to “prevent and restrain Spotify’s ongoing

Streaming giant Spotify is facing a huge US$1.6-billion lawsuit, filed by music composition administrator Wixen Music Publishing, which contends the music site is using tens of thousands of songs without compensation or licensing. Spotify will reportedly go public under a direct listings - which allows a company to sell stock without the usual investor roadshow and saves on some banking expenses.

HP Canada recalling certain lithium-ion batteries
As these batteries are sealed inside the laptop, a qualified technician will be called upon to carry out the replacement. The recall affects about 50,000 machines sold in the U.S. , in addition to about 2,600 in Canada.

Spotify allegedly filed for its IPO in December, and will go directly to the New York Stock Exchange while bypassing numerous IPO conventions.

There's Another Death from Flu in Oklahoma
Throughout the state, influenza, also known as the flu, is widely circulating and hitting earlier than usual. Centers for Disease Control and Prevention has not determined the effectiveness of this year's flu shot.

If the company lists on the New York Stock Exchange, as expected, it would be the first to do so with a direct listing. Spotify declined to comment on the story. A source claimed to the Wall Street Journal, however, that the suit won't in fact affect the timing for the direct listing.

UK Lawmakers Propose 'Latte Levy' To Cut Coffee Cup Waste
Starbucks said on Friday it would trial a 5p charge on takeaway coffee cups for three months in about 20 London cafes. The 25 pence charge would go towards improving Britain's recycling and reprocessing facilities, the report said .

The company is the most successful in the music streaming business, with over 60m paying subscribers. Wixen licenses the work of more than 2,000 artists, including the likes of Neil Young, the Black Keys, and Missy Elliott, and is accusing Spotify of failing to obtain the copyright for 10,784 of the publisher's songs. Spotify has maintained it wants to properly compensate for the music it streams, but has not always been able to find the data to identify rights holders. Spotify now has over 60 million paying users and is expected to go public this year. They alleged that Spotify had failed to adequately pay royalties for some songs on their service.

Related news:

Hot News

isis-killer-beheading-video-story-top Raiders to name Gruden coach on Tuesday
Jan 06, 2018 - 02:10
The previous coach Jack Del Rio was sacked after the last game of the season, and Gruden is set to interview with them Monday. Owner Mark Davis hopes that will all change now that he has finally lured Gruden back for a second stint as the team's coach.

isis-killer-beheading-video-story-top Lalu Yadav's sentencing in fodder scam case deferred again
Jan 06, 2018 - 01:55
RC64A/96 relates to the fraudulent withdrawal from Deoghar Treasury with the help of 6 fake allotment letters during 1991 to 1994. With the court room packed, the judge asked the advocates not connected with the fodder scam case to leave.

isis-killer-beheading-video-story-top Reforms are yielding results, says Debroy on GDP estimate
Jan 06, 2018 - 01:54
The disruption introduced by the implementation of Goods and Services Tax is expected to take a major toll on the sector. This may affect the fiscal deficit, which the government had hoped to cap at Rs 5.46 lakh crore this year.

isis-killer-beheading-video-story-top About 50 flights to, from Lambert canceled because of East Coast storm
Jan 05, 2018 - 13:00
That amount of diverted flights means carriers will have to relocate planes, find new crews and rebook passengers, Orsi said. That's on top of the roughly 650 that were canceled and the 5,600 that were delayed on Wednesday, according to the site.

isis-killer-beheading-video-story-top Justin Timberlake links up with Timbaland to drop new single "Filthy"
Jan 05, 2018 - 12:59
The singer and In Time actor returns with " Filthy ", the first song lifted from his Man of the Woods album, due out next month. Mark Romanek directed the video. " Filthy " carries credits from Timberlake, Timbaland and Danja as co-producers and co-writers.

isis-killer-beheading-video-story-top First Blue Moon Total Lunar Eclipse in 150 Years Occurring this Month
Jan 05, 2018 - 12:59
The first full moon of the month shined on New Year's Day, and the second will peak on January 31 - marking the blue moon event. Others in the western half of the US will still get a good show, with the total phase of the eclipse beginning at 4:51 a.m.

Game of Thrones Season 8 won't return until 2019
Jan 05, 2018 - 12:57
Showrunners David Benioff and DB Weiss announced in 2016 it would finish with 13 episodes spread over a final two seasons. Of those, 12.1 million watched the episode as it aired, making it the most-watched episode in series history.

isis-killer-beheading-video-story-top S. African tourist killed in Egypt balloon crash, 12 injured
Jan 05, 2018 - 12:40
The crash happened in Luxor, a popular tourist destination on the banks of the Nile River in southern Egypt. Those on board the flight included a number of foreign nationals along with Egyptian tourists.

isis-killer-beheading-video-story-top US Hockey Team Turns to an Olympic Veteran
Jan 03, 2018 - 00:51
Gionta will be team captain for the Americans after ending his National Hockey League career at the end of last season. He was a All-NCHC Rookie Team selection in the 2015-16 season, and selected on the 2017 All-NCHC Academic team.

isis-killer-beheading-video-story-top Trump accuses ex-Clinton aide of "disregarding basic security protocols"
Jan 03, 2018 - 00:50
Trump's mention of "sailors pictures on submarine" refers to the 2016 jailing of a U.S. Trump previous year fired Comey from his job at the Federal Bureau of Investigation .

isis-killer-beheading-video-story-top Here's how to get Apple's $29 battery replacement now
Jan 03, 2018 - 00:49
Apple previously announced that it would replace any degraded batteries in the iPhone6 and above for a lower price of $29. However, it raised suspicions the slow down was created to push customers into upgrading to a new iPhone .

isis-killer-beheading-video-story-top Murray pulls out of Brisbane event with hip injury
Jan 03, 2018 - 00:48
Murray said on Sunday he felt in great shape and that he was confident he would play in Brisbane . I genuinely miss it so much and i would give anything to be back out there.

isis-killer-beheading-video-story-top Happier new year: $800 million in jackpots await lucky winners
Jan 03, 2018 - 00:48
The Mega Millions drawing will take place Tuesday night, offering players an annuity jackpot of $343 million, paid over 29 years. Mega Millions has odds of one in 302.6 million and Powerball is slightly better at one in 292.2 million.

isis-killer-beheading-video-story-top Safest Year on Record for Commercial Passenger Air Travel
Jan 03, 2018 - 00:48
This makes 2017 the safest year ever, both by the number of fatal accidents as well as in terms of fatalities. The first, in Arkansas on May 1, killed one person.

isis-killer-beheading-video-story-top Utah's Hatch to retire, opening door to possible Romney run
Jan 03, 2018 - 00:47
Senator Orrin Hatch abruptly announced his retirement Tuesday, which immediately had people speculating about his replacement. He also is president pro tempore of the Senate, which is in the presidential line of succession.