Information regarding delayed Spotify payment
We have invoiced according to the same routines as during the whole of 2016, but Spotify now makes a new interpretation of the terms of our current agreement. STIM's position is that already agreed principles and business standards shall apply. The result is that Spotify royalties for the fourth quarter of 2016 will not be included in the STIM payment on June 15.
We are now in constructive discussions with Spotify to have this resolved in a quick manner, in order for our rightsholders to receive their royalties as soon as possible.