Spotify has been lurking around the Indian market for a while now and the company did work out an almost perfect plan for a grand launch only to be taken out at the last minute. After getting delayed by almost two months, the company is now facing an injunction filed by Warner Music.
Like any story, this too has two different sides. Spotify is blaming Warner Music for “abusive behavior” that harms “many non-Warner artists, labels and publishers.” Warner Music, on the other hand, is blaming Spotify “changing the course” at the last minute and “falsely asserted a statutory license for our songwriters’ music publishing rights in India”.
Unfortunately, this debacle is not sitting well with Wall Street as Spotify’s stock has dropped significantly. Back in 2018, Spotify announced that they have opened an office in Mumbai and hired 300 people. However, with the injunction in place, Spotify will have an uphill climb in India and the fierce competition from apps like Gaana, Saavn, Amazon Prime and Apple Music is certainly not helping Spotify’s case.