@hypebot: SiriusXM To Pay SoundExchange $150 Million Settlement

SoundExchange and SiriusXM have settled their years-long litigation surrounding outstanding claims for unpaid and underpaid royalties from January 2007 through December 2017 in exchange for a lump sum payment of $150 million.

The preforming rights organization will distribute the settlement funds to the rights holders and artists whose sound recordings were used during the settlement period.

Read the post on Hypebot

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