Spotify facing $1.6B lawsuit from Tom Petty, Neil Young's publisher

Spotify Kicks Off Their New Year With A Massive Lawsuit And More Of The Same Problems

Spotify facing $1.6B lawsuit from Tom Petty, Neil Young's publisher

Spotify is facing a $1.6 billion lawsuit from Wixen Music Publishing, the publisher that represents artists like Tom Petty, Missy Elliot, Stevie Nicks and Neil Young, The Hollywood Reporter first reported. In addition to the massive sum of money listed in the suit, Wixen also is also seeking an injunctive relief that would legally require Spotify to "develop and implement procedures for identifying and properly licensing songs".

Spotify did not immediately comment on the latest suit.

The music industry has long since been at odds with music streaming and it appears that the battle isn't over yet.

Wixen's lawsuit is the result of performers' and publishers' unhappiness with a separate action Spotify took in May, when it offered to pay $43 million to settle a class-action lawsuit brought by a group of songwriters. Wixen Music Publishing filed the $1.6 billion lawsuit against Spotify on December 29th. Consequently, while Spotify has become a multibillion dollar company, songwriters and their publishers, such as Wixen, have not been able to fairly and rightfully share in Spotify's success, as Spotify has in many cases used their music without a license and without compensation.

Even if unsuccessful, lawsuits amount to a headache for Spotify as the company considers going public.

A spokesman for Spotify USA, the US subsidiary of Spotify AB of Sweden, told NBC News that the company had no comment. "Wixen notified Spotify that it had neither obtained a direct or compulsory mechanical license for the use of the Works". That's less than one-10th of the revenue Spotify is believed to generate each month from what it says are about 60 million paying subscribers at $9.99 a month.

Apple Might Buy Netflix: Citi
Tottenham boss Mauricio Pochettino insists new stadium will make Spurs title contenders