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NEW YORK, United States (AFP) — Major music label Warner said Tuesday it would give back $126 million to artists after it sold its stake in streaming leader Spotify. The Warner Music Group said the share sale from Spotify, which successfully listed on the New York Stock Exchange earlier this year, earned the company $504 million, or $317 million after paying taxes. Announcing its latest earnings, Warner said it would share the spoils of Spotify […]
NEW YORK, United States (AFP) — Facebook on Friday announced a licensing deal with Warner Music, the last of the major label groups to sign with the social media behemoth which is promising more personalized music. Facebook’s two billion users will soon be able to post in more creative ways with the catalogue of Warner, whose artist roster includes Ed Sheeran, Coldplay and the late Prince. “Our partnership with Facebook will help expand the universe […]
LONDON,United Kingdom (Reuters) — Two California-based musicians are suing British singer-songwriter Ed Sheeran for $20 million over his hit song “Photograph,” which they claim bears a similar structure to one of their songs, according to court documents filed on Wednesday (June 8). The copyright infringement lawsuit was filed by Martin Harrington, a songwriter and producer, and Thomas Leonard, a songwriter signed to Harrington’s company HaloSongs, in federal court in the Central District of California. The […]
