Sony (And Other Major Recording Labels) Own A Piece Of Spotify. Is This A Conflict Of Interest That Hurts Artists?

“Having equity in Spotify might be smart, but if the money doesn’t trickle down from labels to profit participants, is it legal? The amended suit states that Sony has motive in making Spotify a more valuable company by giving it favorable royalty arrangement. By doing so, Sony’s own investment position is bigger, and any cash-outs won’t have to be shared with artists.”