Sirius XM and SoundExchange Agree To Extension On Case
This affords the royalty collection company’s about 3 additional weeks to work up a response. Sirius XM’s council agreed to the extension.
Delay’s such as this are not unheard of, in particular when a lawsuit is as encompassing as this one will be. While it may seem counter-intuitive to agree to the extension, the court would have likely allowed and/or demanded it anyway. Thus, instead of getting some juicy news this coming week about the case, we will all need to wait until next month.
Ironically the SoundExchange response will come right about the time Sirius XM is reporting earnings for Q1 2012.