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Stock impact report

Spotify hits back at Drake's claims about Kendrick Lamar streaming scheme [USA TODAY]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: USA TODAY
"This proceeding arises out of a long-running feud between the popular recording artists Aubrey Drake Graham (p/k/a “Drake”) and Kendrick Lamar Duckworth," Spotify's Friday filing in New York County Supreme Court, obtained by USA TODAY, reads. Spotify's lawyer describes the company as "a stranger to this fracas" and notes only a few of the claims in Drake's Nov. 25 petition – including one that alleges it agreed to recommend "Not Like Us" on its service in exchange for a discounted royalty rate – were aimed at the streaming service. The company denies making this agreement and asks the judge to deny Drake's request for all parties to hand over evidence related to his claims, otherwise known as pre-action discovery, so he could file a legal complaint. Drake's petition "relies exclusively on speculation ... or the claims of anonymous individuals on the internet" in its claims, Spotify says in its filing. As such, Spotify should be dismissed from the case and the "burden" of pre-a Show less Read more
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