antiMUSIC - RIAA Want More!

RIAA Want More!

03/08/06
. (Dailytech) Sirius Chief Financial Officer David Frear believes that satellite radio companies (i.e. Sirius and XM) shouldn't be obliged to have to pay higher royalties to record companies -- but the RIAA feels that it should get 30% of the revenues. Sirius and XM both already pay royalty fees to record companies so both companies are able to play copyrighted music over the radio. Both parties have until June 30, 2006, to reach an agreement, or an arbitrator will then be called in to help settle the case. [see full story for more] - Click here for the Full Story

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