Wixen Music Publishing and Spotify have put aside a potentially costly lawsuit filed by the publisher late last year that alleged the streaming service had been using tens of thousands of its songs without a license. In the original filing, dated Dec. 29, 2017, Wixen sought damages worth at least $1.6 billion.
The lawsuit's dismissal ushers in a "broader" business partnership between the two parties and "fairly and reasonably resolves" Wixen's claims related to the licensing of its catalog, according to a statement.
As previously reported, Wixen filed suit against Spotify after opting-out of an earlier class action suit filed by singer-songwriter Melissa Ferrick and others, for which Spotify announced a $43 million settlement. Wixen Music objected to that deal, resulting in its own lawsuit against the streaming giant, which it claimed "committed willful, ongoing copyright infringement."