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.
Richard Beckman hops to a new media venture
Hacker hijinks: Station stuck with anti-Trump song
Trump inauguration draws 30.6 million viewers
CBS takes Thursday night with ‘Big Bang Theory’
Puzzling out Carlos Slim’s bold U.S. ambitions
New York leads the Ellie nominations, once again
CBS’s ‘Hunted’: Little hope of sustaining its big bow
Best of the week: On the origins of fake news
In this digital age, the allure of alternative OOH
Digital radio: A primer for media planners and buyers
Weekend TV: ‘Beaches’ for a new generation
Cable overnights: Good start for ‘Six’ on History
Warriors-Cavs sets three-year high on TNT
- Michael Lieberman becomes CSO at Kinetic Worldwide
- Ryan Haskins becomes director of media at Figliulo&Partners
- Deborah Furey becomes SVP of strategy at Wunderman Health
- Martin McDonald becomes VP of strategic sales at V Digital Services
- Bob Johns becomes chief revenue officer at Big Outdoor
- Chris Brooks rises to EVP of distribution at CW
- Salil Mehta becomes president at FoxNext
- David Perpich becomes president and GM at The Wirecutter
- Jessica Sebor and Aaron Hersh rise at Competitor Group
- Jeff Hackett joins and Mike Owen rises at AdColony
- James Frain joins CBS All Access' 'Star Trek: Discovery'
This week’s broadcast ratings
This week’s cable ratings
This week’s top-rated movies, songs and books
This month’s digital traffic data: November 2016
This week’s daypart ratings
Opening for a media planner at a top OOH agency
Orlando agency looking for a media planner/buyer
Freelance media planner/buyer available
Junior media planner/buyer position in Minneapolis-St. Paul
Media sales coordinator opening in New York