http://www.angelstreetcapital.com/images/logo.png 0 0 Robert Maccini http://www.angelstreetcapital.com/images/logo.png Robert Maccini2012-10-26 13:43:392014-04-06 06:11:50ALL EYES ON SIRIUSXM MUSIC ROYALTY NEGOTIATION
ALL EYES ON SIRIUSXM MUSIC ROYALTY NEGOTIATION
Given the recent filing by Reps. Jason Chaffetz (R-UT) and Jared Polis (D-CO) of the “Internet Radio Fairness Act,” bill and the significant impact that this could have on the economics for Internet radio we should all be following the upcoming music royalty negotiation that SiriusXM will undertake. The House Bill proposes the same standard as that governing SiriusXM’s music royalty rates. Should the rate currently paid by Sirius, 8%, be also what governs terrestrial broadcasters that are streaming this would significantly improve the economics of the Internet radio industry. Please see an excellent overview in David Oxenford’s blog.