Music Reports To Administer License For Pre-72 Recordings Under SiriusXM 'Flo & Eddie' Settlement
March 6, 2017 at 12:12 PM (PT)
MUSIC REPORTS INC. has been approved by both SIRIUSXM and CLASS COUNSEL to serve as the royalty administrator for a 10-year license related to the use of the FLO & EDDIE recording catalog and other pre-1972 sound recordings on the music service for the period 2018-2027.
MUSIC REPORTS will also provide technical, consulting, and copyright research support in connection with the vetting of retroactive claims, pending a FINAL APPROVAL HEARING on MAY 8th.
“We’re very pleased to have been chosen by both the class-action counsel and SIRIUSXM to provide the technology and systems needed to support this settlement," MUSIC REPORTS VP/General Counsel BILL COLITRE said. "As a neutral transaction platform, MUSIC REPORTS is ideally suited to the support of music industry settlements generally, and our 17 years of experience with sound recording performance rights administration in the U.S. has well prepared us for this job specifically.”
MUSIC REPORTS recently announced the company administered over $500 million in royalty payments for uses via a range of services including television broadcast and over-the-top (OTT), background/foreground, digital music services and social networking applications in 2016.
For more information about the FLO & EDDIE vs.SIRIUSXM CLASS ACTION SETTLEMENT, go here.