Quick Action

Contact Congress

MENU

They Said It: Music Industry Reacts to SiriusXM Rate Hike

20 December 2017

They Said It: Music Industry Reacts to SiriusXM Rate Hike

The federal Copyright Royalty Board’s (CRB) decision late last Thursday to increase the rates SiriusXM pays by 41 percent is a positive step in making sure the satellite radio giant fairly compensates the music creators from whose songs it profits. However, the increase still falls far short of treating artists equitably by locking SiriusXM into another five years of paying below-market rates.

Here are some key reactions from the musicFIRST Coalition and its founding members to the CRB’s decision:

The rate SiriusXM will pay artists may have changed but the facts surrounding the company’s sweetheart deal have not. This decision virtually guarantees the company will pay an unfair, below-market royalty rate for the music that it plays well into the future.” – statement by musicFIRST Coalition Executive Director Chris Israel

“For more than a decade, SiriusXM pocketed billions of dollars on the backs of music creators by paying below-market rates while the company crowed about record profits and boasted a market cap about the size of the entire recorded music market. At the same time, SiriusXM continues to go out of its way to file lawsuits to deny fair compensation to legacy pre-1972 artists who depend on that income for their living. That’s no record to be proud of.” – statement by Recording Industry Association of America (RIAA) Chairman & CEO Cary Sherman

“There’s no reason recording artists and record labels should subsidize a company as profitable as Sirius XM. Everyone should play by the same rules, and it is long past time for Congress to change the standard that currently forces music creators to subsidize flourishing companies whose success is built on top of the music.” – statement by SoundExchange President and CEO Michael Huppe

“While we welcome the rate increase for SiriusXM, our broken copyright system still allows this wildly profitable company to underpay for recorded music based on a below-market standard. It is time and past time to fix this broken system so that musicians can get fair value for their work across the board. Every music service (including radio) should pay, all rates should be based on fair market value rather than requiring artists to subsidize businesses, and music services should be required to pay for the use of legacy as well as contemporary recordings.” – statement by American Federation of Musicians of the United States and Canada (AFM) President Ray Hair

Get Involved!

Contact your Members of Congress and tell them you stand against Big Radio.

Contact congress
Back to Latest

RECENT POSTS

Blog
Free Market Organizations Overwhelmingly Support the Music Mod...
June 13, 2018
Blog
ICYMI – Artists, Lawmakers Opine on the Need for Music Licensi...
June 07, 2018
Blog
Raising Their Voices in Support
June 01, 2018
Press Release
Statement by musicFIRST Following Sen. Wyden's Introduction of...
May 23, 2018
Blog
They Said It: Artists and Music Advocates Voice Support for th...
May 17, 2018
Press Release
musicFIRST Coalition Applauds Lawmakers on Introduction of Lan...
May 10, 2018
Blog
Let’s Make a Hit Record by Unanimously Passing CLASSICS Out of...
May 09, 2018
Blog
A Friendly Message to Broadcast Radio: Build a Bridge, Not a Moat
April 27, 2018
Press Release
Statement Following Unanimous Passage of the Music Modernizati...
April 25, 2018
Stay in the Loop

GET THE LATEST IN YOUR INBOX


By submitting this form, you are consenting to receive marketing emails from: musicFIRST Coalition, 800 North Capitol Street, NW, Washington DC, DC, 20002, http://musicfirstcoalition.org. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
By submitting you agree to our Terms & Conditions