SoundExchange Submits Rate Proposal For Sirius XM, Music Choice And Mood Music
October 27, 2016 at 7:52 AM (PT)
SOUNDEXCHANGE has submitted its rate proposal and direct testimony in the SDARS III rate proceeding. In that proceeding, the COPYRIGHT ROYALTY BOARD (CRB) will set rates for the years 2018-2022 for SIRIUSXM’s satellite radio service as well as for the cable/satellite TV music services provided by MUSIC CHOICE and MOOD MUSIC (MUZAK).
Based on the analysis of its experts, SOUNDEXCHANGE has proposed a rate that is the greater of 23% of revenue and per subscriber rates starting at $2.48 per subscriber per month in 2018 with moderate annual increases. The current rates for SIRIUSXM’s satellite radio service are 10.5% of SIRIUSXM’s “Gross Revenues” as the CRB’s regulations define that term in 2016 and 11% in 2017. For MUSIC CHOICE and MOOD MUSIC, SOUNDEXCHANGE proposed a per subscriber per month rate starting at $0.019 per subscriber per month with annual increases. The current rate for MUSIC CHOICE’s and MOOD MUSIC’s cable/satellite TV music services is 8.5% of Gross Revenues in both 2016 and 2017.
This initial round of testimony is one of several steps in the rate proceedings.