SiriusXM Radio to Pay $150M in Unpaid Royalties to SoundExchange

Last week SiriusXM Radio Inc. agreed to pay $150 million in unpaid royalties to SoundExchange, Inc., settling all outstanding claims and lawsuits for the

Last week SiriusXM Radio Inc. agreed to pay $150 million in unpaid royalties to SoundExchange, Inc., settling all outstanding claims and lawsuits for the period from January 1, 2007 through December 31, 2017. According to a filing with the Securities and Exchange Commission, Sirius XM will pay SoundExchange in a lump sum on or before July 7, 2018, one month after coming to the agreement. SoundExchange is a nonprofit that manages sound recording and music works, including collecting and distributing royalties....

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Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!