TORONTO, April 13 /CNW/ - Canadian Satellite Radio Holdings Inc., parentcompany of XM Canada ("CSR" or the "Company") (TSX: XSR) today responded to the April 8, 2009 decision by the Copyright Board of Canada (the Board) regarding royalties for Satellite Radio Services.
The Board announced that royalties would be approximately 6.2 per cent
starting in 2010 (with discount rates for prior years) and based on a formula
that includes payments for the communication of musical works, the
communication of sound recordings and rates for the reproduction of musical
works. The reproduction rate varies depending upon the type of receiver used
by the subscriber.
The complete decision by the Board can be found at: