SiriusXM Settles Royalty Lawsuit For $210 Million

gavel.jpgFresh off of what could only be considered a legal victory in Florida, SiriusXM Satellite Radio made a decision to settle a lawsuit regarding royalties of pre-1972 music.  The company announced Friday that it was had reached a settlement on the issue and will pay $210 million.  SiriusXM gets to use pre-1972 recordings without any additional payment through the end of 2017, and can then negotiate with parties regarding use of the recordings through 2022.

The suit originated from Flo and Eddie of the Turtles, which brought the case on behalf of themselves, and eventually sought and gained class action status.  The Turtles are most famous for their song “Happy Together”.  Current royalty law only covers recordings after 1972.  SiriusXM does have a few direct deals negotiated with various parties regarding pre-1972 music.  An example is the Elvis Channel on SiriusXM.

While the settlement is expensive, a cloud over the head of SiriusXM has been removed.  The settlements may also pave the way for other settlements with companies like Pandora.  SiriusXM is a highly profitable company, and should be able to absorb the settlement without much impact on the stock price.  Stay Tuned!

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SiriusXM Gets “FOXier”

SiriusXM and Fox News have joined forces in the creation of a new news channel that will launch this Fall.  The channel will be called Fox News Headlines 24/7, and in contrast to current Fox offerings on SiriusXM, will be geared toward radio.  Currently, many popular news channels on television simulcast the coverage to satellite… → Read More

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SiriusXM Scores Court Victory In Pre-1972 Recordings

The issue surrounding royalties for songs recorded before 1972 has not typically been a friendly one to SiriusXM.  The satellite radio provider has found itself on the losing side of an argument about the payment of royalties for music fitting into that category.  The issue arises because the royalty laws used to pay artists took… → Read More


Judge Certifies Class Action Suit For Pre-1972 Recordings

SiriusXM has seen better days.  The satellite radio provider was dealt a bit of a blow this week when a federal judge certified that the Flo and Eddie lawsuit regarding royalties would garner class action status.  Instead of Flo and Eddie against SiriusXM, it can now be anyone with pre-1972 music vs. SiriusXM.  The suit… → Read More


Millennials Get Radio Show On SiriusXM

SiriusXM has announced the launch of “Career Playbook Radio,” an all-new career advice show hosted by Jim Citrin, partner at executive search firm Spencer Stuart and best-selling author on leadership and career success. “Career Playbook Radio” is focused on giving millennials, young professionals, and parents of recent college grads expert insight into getting a great… → Read More

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SiriusXM Misses On Earnings But Raises Guidance

SiriusXM (SIRI) reported Q1 earnings yesterday and the results were somewhat of a mixed bag.  The company reported a profit of 2 cents per share but missed analysts estimates of a 3 cent profit.  While the news of a miss may not be positive, there were many aspects of the quarter that were quite positive… → Read More

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Jaguar and Land Rover Expand Deal With SiriusXM

Jaguar Land Rover North America and SiriusXM have announced Jaguar Land Rover has selected Sirius XM Connected Vehicle Services Inc., a subsidiary of SiriusXM, to provide call center support for safety and security services to vehicle occupants using its Jaguar InControl® and Land Rover InControl® infotainment systems. The Jaguar and Land Rover InControl suite of… → Read More

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March Auto Sales Mixed – Still Good For SiriusXM

U.S. auto sales in March of 2015 were a bit of a mixed bag if you look at the headlines, but growth is still happening, sales are on a pace for 17 million, and SiriusXM remains in a good position to install a large amount of satellite radios into new vehicles. With Q1 sales complete,… → Read More

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SiriusXm Provides Foundation For Nissan’s Connected Car

SiriusXM and Nissan have announced that Nissan will launch NissanConnect Services powered by SiriusXM, in select 2016 model year Nissan vehicles, starting with Maxima, its all-new flagship sedan.  The all-new telematics program is Nissan’s first in-vehicle launch of SiriusXM’s connected vehicle services and will feature vehicle security, vehicle health monitoring, remote access services, and more…. → Read More


SiriusXM Releases New iOS App – Version 3.0

There is hope for all of you SiriusXM iOS app users as your favorite satellite radio provider has finally sunk some thought and resources into their online listening experience. This new app boasts features including speedier tune times, synced settings across devices, enhanced search, personalized recommendations, and social integration. Although it may not be touted… → Read More