Here's Why India's Oldest Record Label Is Suing Spotify
The streaming service has to remove Saregama's entire catalog from its platform.
Spotify lost a copyright infringement lawsuit.
According to a report in Variety, Spotify is being sued by India's oldest record label, Saregama, and will be forced to remove the company’s 120,000-song catalog from its platform within 10 days.
This comes weeks after the streaming service launched in India without securing rights from Warner/Chappell Music Publishing.
Saregama India Ltd is India’s oldest music label owned by RPSanjiv Goenka Group of companies.
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According to Music Business Worldwide, Spotify approached the label for a license before its India launch, but the two parties didn't finalize the deal. The label then requested Spotify remove its content from the platform within 10 days of the April 23rd court hearing. The next hearing is scheduled for May 5.
Saregama is one of India’s leading record labels and music publishing companies. The launch had been postponed multiple times and reportedly contributed to a drop in Spotify’s stock.
Read the full lawsuit here.