Entertainment & Sports
Jun. 30, 2015
Record labels reach $210M deal with Sirius
Five record labels, controlling about 80 percent of oldies played on Sirius XM Radio, will receive a total of $210 million from the radio giant, as part of a settlement agreement in a royalties dispute.
Daily Journal Staff Writer
One of many music industry court battles over royalties for pre-1972 sound recordings
has ended. In a filing to Securities and Exchange Commission Friday, Sirius XM Holdings
Inc. said it reached a $210 million settlement with a handful of major music labels
on June 17.
Federal copyright protection only applies to sou...
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