Spotify and the Big 3 record labels - Universal Music Group, Sony Music Entertainment, and Warner Music Group - have filed a lawsuit against Anna's Archive, alleging the pirate platform scraped 86 million music files, and claiming an eye-popping $13 trillion in damages. Anna's Archive, formerly known as the Pirate Library Mirror, is accused of "brazen theft of millions of files containing nearly all of the world's commercial sound recordings," according to the full complaint.
Back in August, Spotify announced a price hike for Premium users in markets across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region. Now we hear that the Sweden-based music streaming company is preparing to raise subscription prices in the US as well. Citing three people familiar with the matter, the Financial Times reports that Spotify is preparing to raise subscription prices in the US in the first quarter of 2026 as it seeks to demonstrate sustained profitability.
