Sirius XM to pass Music Royalty Fees to consumers

Chob · 06-10-2009, 09:31 AM

Satellite radio subscribers will be seeing their subscription price grow by nearly $2 a month thanks to increased music royalty rates, according to leaked internal company document.

Orbitcast has confirmed the U.S. music royalty rates will be passed along to subscribers with multiple sources familiar with the matter.

According to the leaked information, the royalty cost increase will take effect on July 29, 2009. Sirius XM Radio Inc. does not appear to be characterizing this as a rate increase, as the subscription rates "officially" charged by the company will remain the same - but subscribers will end up paying more, nonetheless.

http://www.orbitcast.com/archives/pr...consumers.html

06-10-2009, 09:31 AM	#1
Chob Join Date: Jun 2009 Location: Badstreet U.S.A. Posts: 122,767 vCash: 134285714	Sirius XM to pass Music Royalty Fees to consumers Satellite radio subscribers will be seeing their subscription price grow by nearly $2 a month thanks to increased music royalty rates, according to leaked internal company document. Orbitcast has confirmed the U.S. music royalty rates will be passed along to subscribers with multiple sources familiar with the matter. According to the leaked information, the royalty cost increase will take effect on July 29, 2009. Sirius XM Radio Inc. does not appear to be characterizing this as a rate increase, as the subscription rates "officially" charged by the company will remain the same - but subscribers will end up paying more, nonetheless. http://www.orbitcast.com/archives/pr...consumers.html

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