This morning SiriusXM announced they will pay five record companies (ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings, and Warner Music Group) $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties.
As you may know, SoundExchange has long been a proponent for the fair treatment of artists on all platforms and especially the fair use of recordings from our legacy artists. Please find our official statement on the settlement below: “While it unfortunately required a lawsuit to make SiriusXM do the right thing, we are pleased that these legacy artists are finally getting the respect – and compensation – they deserve for the use of their music. SoundExchange consistently champions the right for all artists to be paid fairly across all platforms, regardless of when their music was recorded” said President and CEO Michael Huppe.
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