SiriusXM Cites 'Direct Content Licenses' With Over 60 Labels

Making Its Own Deals

During the same CRB panel which raised the SIRIUSXM's royalty rates in the coming years (NET NEWS, 12/17), the satcaster also testified that it has secured direct content licenses with '60-plus' labels, with more than 7,000 artists, 9,000 albums, and 110,000 songs represented, DIGITALMUSICNEWS.COM  reports. SIRIUSXM will pay 5%-7% of its gross revenues for these licenses.

"These licenses present the best possible evidence of how a competitive market values the rights covered by the statutory license -- involving as they do transactions including the very same rights between the very same buyer and sellers as are involved in this proceeding," the company declared.

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