Amidst the culminating music streaming service war, Sony finds itself embroiled in a new conflict regarding its five percent equity stake in Sweden-based provider Spotify. An American Idol-related record label named 19 Recordings has filed an amended complaint, as part of its ongoing lawsuit with Sony Music, which claims the tech giant has been withholding advertisement earnings from artists like Kelly Clarkson and Carrie Underwood. If the charges are true, this may further implicate the lack of fiduciary duty that has been suspected on a larger scale in the recording business. For the full story, visit Billboard.
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