Monday, December 17, 2012

Music News Headlines - Yahoo! News: Sirius XM to pay higher music royalty fees

Music News Headlines - Yahoo! News
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Sirius XM to pay higher music royalty fees
Dec 17th 2012, 17:18

(Reuters) - Sirius XM Radio Inc will pay a bigger percentage of revenue toward music royalties for sound recordings, following a decision made by the U.S. Copyright Royalty Board, the satellite radio provider said on Monday. Judges at the U.S. Copyright Royalty Board determined last Friday that Sirius should pay higher royalty rates over the next five years to SoundExchange, the non-profit group that collects royalties from Sirius as well as Internet radio and cable TV companies on behalf of recording artists and record labels. ...

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