Royalty Increases Being Passed Along To Sat Subscribers?
May 29, 2009 at 6:27 AM (PT)
Is SIRIUS XM planning to pass along the cost of an increased music royalty fee to subscribers?
An anonymous poster at XMFAN.COM, who many suspect is actually a SIRIUS XM employee, writes, "The U.S. Music Royalty Fee will be applied to all music subscriptions that SIRIUS XM offers. The fee will be implemented on JULY 29th, 2009. The existing Subscriber base will receive this fee on their first billing after this date. The fee will be applied to all satellite plans with music content on a Monthly, Quarterly, Semi-Annual and all Annual Savings Plans. Lifetime Subscribers, who have purchased prior to JULY 29th, will never receive the US Music Royalty Fee."
The new fees are reportedly $1.98 monthly for subscribers paying $12.95, multiple radios will be charged $0.97 monthly and Mostly Music plans at $9.99 will be charged a US Music Royalty Fee of $1.53.