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Aug 11, 2011

SiriusXM trying end-run around SoundExchange

Billboard.biz 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.


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