The company has more than 381 million users, 172 million of whom are paying subscribers. The trial is currently set to take place in September 2023, while it’s still unclear when exactly Ek will be deposed. Stockholm-born Daniel Ek is the cofounder and CEO of streaming music service Spotify. Ek and the disruption of his schedule,” Judge Frenlsey ruled that Ek could be deposed for no more than 3 hours. In order to “minimize the likely annoyance to Mr. Ek’s entire argument for burden is, essentially, that he is busy.'” In an interview with Reuters, the co-founder and CEO called West’s remarks just awful. Judge Frensley, however, wasn’t having it: “The Court is inclined to agree with plaintiffs that ‘Mr. OctoSpotify’s Daniel Ek has spoken out against recent antisemitic comments from Kanye West. While it isn’t clear whether Ek was dating his now-wife at the time, it was only 10 years after he. Prior to this week’s ruling, the company had sought a protective order that would have protected Ek from facing any depositions. Ek, 39, co-founded Spotify in 2006 alongside Tradedoubler’s co-founder, Martin Lorentzon. While the passage of the Music Modernisation Act the previous year was supposed to fix that issue, Eight Mile Style insisted Spotify had ignored that law’s requirements. Ek’s time and attention.”Įight Mile Style filed the copyright lawsuit back in 2019, claiming that Spotify had streamed Eminem’s music “billions of times” without first obtaining the proper licenses. ![]() “Yet, the issue of proper licensing relationships with the artists whose work comprises the entirety of Spotify’s business and its sole product is surely also a matter of importance to Spotify, worthy of some of Mr. Ek has a full schedule the Court credits Spotify’s assertion that he is very busy indeed,” Judge Frensley stated. Ek said changes at the company could let him to do his best work and focus on Spotifys future. For good measure, Signature Bank was taken over by regulators. This week: Silicon Valley Bank went belly up and knocked USDC off its peg with it. Welcome to The Chopping Block where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. ![]() Spotify attempted to suggest that their CEO had minimal information to provide about the lawsuit and that Eight Mile Style simply wished to drag Ek into a deposition in order to “harass and annoy” him. Spotify is laying off about 6 of its employees, CEO Daniel Ek announced in a memo. Listen to this episode from Unchained on Spotify.
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