Quick Action

Contact Congress

MENU

SiriusXM: Another Strong Quarter Supported by the U.S. Government

25 October 2017

Statement from musicFIRST Executive Director Chris Israel on SiriusXM’s Third Quarter Results

Washington, D.C. (October 25, 2017) – “By any measure, SiriusXM has emerged as a dominant digital music service. The company’s performance and diverse content provide significant benefits to investors and listeners. However, the music creators it depends on are not sharing in SiriusXM’s success.

“SiriusXM benefits from a sweetheart deal granted by the U.S. government over 20 years ago that shields it from market forces and virtually guarantees it will pay an unfair, below-market royalty rate for the music that it plays. Grandfathered deals benefiting SiriusXM and AM/FM radio stand in stark contrast to streaming services, which pay music creators at fair market value.

“It’s time our laws value music the same regardless of how we listen to it. Congress has such an opportunity by passing the Fair Play Fair Pay Act. Under the legislation, all forms of radio, regardless of the technology or platform used, would pay a fair market value for music performances. The legislation would end SiriusXM’s below-market rate and apply the free market ‘willing buyer, willing seller’ standard across all platforms. The legislation would also end AM/FM radio broadcasters’ special treatment and require them to also fairly compensate music creators.

“Bipartisan support for music creators is growing in Congress. We’re hopeful that the U.S. Congress will fix our outdated music laws and enact the tenets of the Fair Play Fair Pay Act.”

Get Involved!

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

Contact congress
Back to Latest

RECENT POSTS

Press Release
Automakers, Tech Innovators Call on Congress to Pair...
June 03, 2025
Headlines Notable Article
TODAY Show: Radio stations may soon have to pay arti...
February 20, 2025
Headlines Press Release
Boyz II Men Deliver Letter Signed By More Than 300 M...
February 13, 2025
Headlines Press Release
As Music World Celebrates Grammys, Bipartisan Leader...
February 03, 2025
Press Release
Statement from musicFIRST Coalition on Sam Moore
January 11, 2025
Blog
Congress Rejected AM Radio Mandate Without Royalties...
December 20, 2024
Press Release
Randy Travis, Michael Huppe to Testify on Capitol Hill
June 20, 2024
Press Release
musicFIRST Petition Leads FCC to Reinstate Radio Non...
June 11, 2024
Press Release
iHeartMedia’s Earnings Hypocrisy Continues
February 29, 2024
Stay in the Loop

GET THE LATEST IN YOUR INBOX


By submitting this form, you are consenting to receive marketing emails from: . 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