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Saturday, June 27, 2015

SiriusXM Pays Labels $210 Mil In Pre-72 Royalties






SiriusXM Pays Labels $210 Mil In Pre-72 Royalties
Jun 26th 2015, 12:05
Satellite radio provider SiriusXM has agreed to pay $210 million to five record labels: Capitol Records, Sony Music Entertainment, UMG Recordings, Warner Music Group, and ABKCO. In exchange, the record labels will drop a lawsuit against SiriusXM for royalties to music from before 1972 that was broadcast to subscribers. The $210 million will be paid on or before July 15. Continue reading...