Price Increase: Sirius XM to pass Music Royalty Fees to consumers

Satellite radio subscribers will be seeing their subscription price grow by nearly $2 a month thanks to increased music royalty rates, according to leaked internal company document.

Orbitcast has confirmed the U.S. music royalty rates will be passed along to subscribers with multiple sources familiar with the matter.

According to the leaked information, the royalty cost increase will take effect on July 29, 2009. Sirius XM Radio Inc. does not appear to be characterizing this as a rate increase, as the subscription rates “officially” charged by the company will remain the same – but subscribers will end up paying more, nonetheless.

Read article here.



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