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.

Share

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: