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Sirius, SoundExchange Strike $150M Deal In Royalties Fight

Law360 (June 11, 2018, 10:33 PM EDT) -- Sirius XM Radio Inc. agreed to pay music royalty collector SoundExchange Inc. $150 million for both companies to walk away from litigation over whether the satellite radio purveyor shorted the licensor on royalties for recordings from 2007 to the end of last year, SoundExchange said Monday.

Sirius XM said the settlement ends litigation over outstanding claims from January 2007 to December 2017, and that SoundExchange will use the funds at least in part to pay out royalties to its rightsholders. (AP) The company said the settlement...
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