Reportedly, Chevrolet has terminated its affiliation with Grooveshark, a development that brought an immediate reaction from NMPA President/CEO David Israelite. “On behalf of all of America’s songwriters, I applaud Chevrolet for severing all ties with the company. Grooveshark’s failure to pay for the music it uses is tantamount to stealing. Chevrolet has had a long and close relationship with music and those who create it. This decision shows respect to songwriters and the principle that creators deserve fair pay for their work.”
With the recent announcement by Spotify that it is launching in Singapore, Hong Kong, Malaysia, Mexico, Estonia, Latvia, Lithuania and Iceland, the music streaming service is now in a total of 28 markets. In a recent interview, Sriram Krishnan, who is Spotify’s head of new markets in Asia-Pacific, reckoned that the company’s size now makes it more of a force to reckon with during negotiations with industry executives. He added that in the past four years, Spotify has given back $500 million to the music industry and reckons that this year they will give back another $500 million.
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