The action states that, beginning in March 2024, Spotify asserted that its Premium Individual, Duo, and Family subscription streaming plans were now bundled subscription offerings because those plans now include access to audiobooks. Applying the rate formula applicable to bundled subscription offerings results in a reduction to the service provider revenue that Spotify reports.
Source: Mechanical Licensing Collective Files Lawsuit Against Spotify


Downtown says that it initially established its partnership with Bank of America in 2022 with a $200 million credit facility to provide artists and rightsholders with advances in exchange “for a short-term share of future royalties”. The company has now expanded its credit facility with BoA by an additional $500 million to boost its capacity to pay advances to indie artists.



