3-27-2012
Mel is taking on SoundExhange. Sirius XM has filed a complaint against SoundExchange and American Association of Independent Music ("A2IM") accusing both organizations of interfering in "SiriusXM's efforts to secure, through a competitive market, copyrights critical to its business." SiriusXM wants to cut deals directly with record companies, and not a middleman, which in essence is what SoundExchange is. The complaint contends that the conduct violates federal antitrust, as well as New York state law. It says, "Although SiriusXM has the legal right to reach out to individual record companies for such licenses, SoundExchange, in collaboration with other record industry organizations, has orchestrated an illegal boycott designed to choke off such competition.
SiriusXM's direct licensing initiative is beneficial to the Company, listeners, artists and record labels. This filing reflects SiriusXM's commitment to taking the steps necessary to maintain its rights to conduct business in a free and open market for the benefit of its business, listeners, artists and record companies.
Read the entire complaint HERE
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