Spotify, the world’s largest music streaming service, said it is to buy Loudr.fm, a San Francisco-based provider of licensing technology to help it to locate songwriters and pay them royalties they are due. The acquisition helps address a major weakness Spotify has warned exists in its business model, namely locating and ensuring the right artists get paid for their copyrighted work, an issue which, left unaddressed, leaves it open to lawsuits.
- Read the article: Reuters
