Royalty rates rising for Sirius XM Radio
December 17, 2012
There’s been a lot of noise lately over royalty rates being charged to Pandora and other online radio stations, much of it generated by the internet network itself.
Expect the dull roar surrounding the royalty debate to get a bit louder over the next few days following a decision Friday by the Copyright Royalty Board, which said that music royalties paid by the satellite radio company Sirius XM Radio will go from 8 percent to 9 percent of the company’s gross revenue next year.
It will then increase by 0.5 percent annually through 2017, peaking at 11 percent.
The issue had been raging as a court battle the past two years before the CRB made its decision. It marked the first rate readjustment since 2007, when Sirius and XM were separate companies.
The rate markup comes as satellite radio shows signs of growth and maturity. Subscribers now number 23 million, and the venture has become profitable after a brief period of near-bankruptcy following the 2008 merger.
Readers: No C7 during this upfront
USA’s summer lineup: ‘Pains’ and ‘Affairs’
Whoa: Amazon scores HBO Go
Fact: We now use the web more than TV
So tell us, which network will win May sweeps?
‘About a Boy’ grows for second straight week
Coulson: I did not participate in a cover-up
May’s five biggest sweeps stunts
‘Scandal,’ from bubble to breakout
Scripps upfront: Ellen’s doing cable
‘Bad Teacher,’ not enough to be good
Tell us, what’s your forecast for the upfront?
Saluting Ryan Seacrest, multi-tasker
- Jason Lee becomes senior director of digital at MEC
- Kristen Baldwin rises to deputy editor at Entertainment Weekly
- Nancy Cohen becomes SVP of sales and sponsorship at BabyFirst
- VH1 VPs Brad Abramson and Kari McFarland among cuts at the network
- Reuters finance and news media writer Felix Salmon exits
- Steven Petrow becomes advice columnist at The Washington Post
- Bloomberg Businessweek creative director Richard Turley exits
- Susan Kittenplan becomes executive editor of media initiatives at Yahoo
- Keith Cramer becomes VP of business development at MediaAlpha
- Tom Quinn becomes general manager at YieldexDirect for Advertisers
- Craig Zadan and Neil Meron producing ABC's Oscars telecast
This week’s cable ratings
This week’s broadcast ratings
This week’s top movies, songs and books
This week’s daypart ratings
This week’s younger viewer ratings
This month’s new media traffic data
Senior digital media planner job in L.A.
Media planner position in Dallas
Needed: Senior digital media buyer and planner
Expert marketing consultant available in all markets
Media buyer/planner job in Philadelphia