Aug 11, 2011

SiriusXM trying end-run around SoundExchange is reporting that SiriusXM Radio is attempting to directly license music from record labels, bypassing SoundExchange, the nonprofit performance rights organization. In a letter to independent labels via Music Reports Inc., Sirius is offering to pay a royalty rate of 7 percent of gross revenues. That's less than the 7.5 percent it now pays SoundExchange, which tracks airplay on radio stations for the purpose of collecting royalties for copyright owners.

No comments: