Alex Pham

contributing editor

contributing editor

Spotify to Pay Rights Holders $500 million in 2013, Chief Exec Daniel Ek Says at Founders Forum Event

Spotify to Pay Rights Holders $500 million in 2013, Chief Exec Daniel Ek Says at Founders Forum Event

Spotify chief executive Daniel Ek on Tuesday said his company expects to pay rights holders to the tune of half-a-billion dollars in 2013. Ek, speaking at a technology and media event hosted by the Founders Forum in Los Angeles, said the amount Spotify is projected to pay artists, labels, publishers and other rights holders this year is equivalent to the total amount that the company had paid out since it launched its on-demand music streaming service in 2008.

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