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Tuesday, June 30, 2015

Are You Sirius?

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It's still Artists versus Broadcasters on the royalty front. Sirius XM Satellite Radio agreed to shell out $210,000,000 to The Big Boys: Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc, Warner Music Group and ABKCO Music & Records. Apparently, The company has been rotating pre 1972 recordings & not reporting royalties to/paying artists & labels through a loophole that FEDERAL Copyright Law does not cover. Big names like: The Beatles, Patsy Cline, Bob Dylan, Aretha Franklin, Jimi Hendrix, the Rolling Stones, & (one of my personal faves) The Turtles "So Happy" were represented in this settlement.

Big ups to Sirius, because as a start up company - all of that revenue was forged by amazing salesmen that convinced subscribers to contract radio signals for their cars when they already had radios. (You had to be there.) Another plus is that Sirius may license these artist's work from 2018 to 2022, with NEGOTIATED royalty rates.

Part of me feels very sad that there are even more streaming services out there not paying standard rates to any artists pre 1972 or current. Another huge part of me hopes that a large portion of the $210 million makes it to those artist's direct deposits. LOL Peace to Jerusalem.

[See: Capitol Records LLC et al v. Sirius XM Radio Inc, Superior Court of California, Los Angeles County, No. BC520981]



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