Sirius Settles With Record Companies for $210 Million
The company will pay $210 million to settle claims by five recording companies, including Capitol Records and Sony Music. Sirius still appears to be fighting two other lawsuits filed by '60s rock group The Turtles.
June 26, 2015 at 12:24 PM
2 minute read
Satelitte radio company Sirius XM has resolved one major piece of litigation in its fight over its right to play pre-1972 recordings. According to a Sirius securities filing made public on Friday, the company will pay $210 million to settle a lawsuit filed by five recording companies, including Capitol Records and Sony Music Entertainment. (Reuters reported the news of this filing.)
Federal copyright law doesn't cover performance rights to sound recordings made before 1972, but the record companies argued in their September 2013 complaint, filed in state court in Los Angele,s that California law gives them public performance rights. The deal was reached on June 17, according to the securities filing.
The recording companies were represented in the California litigation by Russell Frackman of Mitchell Silberberg & Knupp and Jon Eisenberg of Horvitz & Levy. We reached out to Frackman and didn't hear back; Eisenberg referred us to a spokesman for his clients.
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