Sirius To Pay Up To $99M In Pre-1972 Songs Settlement

Law360, New York (November 29, 2016, 3:44 PM EST) -- SiriusXM will pay as much as $99 million to musical artists to settle a long-running California class action over so-called pre-1972 recordings, according to a proposal filed Monday.

The filing spells out the details of a settlement reached Nov. 14 to avoid a trial over how much Sirius should pay to play the old songs — a legal gray area since tracks recorded prior to 1972 are protected by a hodgepodge of state laws rather than the federal copyright system.

The deal will give the artists, led by 1960s rock band The Turtles, as much as $40 million in past royalties...

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