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The firm secured a significant settlement for digital performance rights organization SoundExchange to end a lawsuit brought against Sirius XM satellite radio over the underpayment of royalties for music played on the service. Pursuant to the settlement, Sirius XM will pay SoundExchange $150 million in unpaid royalties for performances of sound recordings on its satellite radio service over a 10-year period.
SoundExchange collects and distributes digital performance royalties on behalf of more than 155,000 recording artists and master rights owners accounts and administers direct agreements on behalf of rights owners and licensees. The firm’s settlement victory follows on the heels of another major win for SoundExchange last year in a Copyright Royalty Board trial that resulted in a 40% increase in the royalty rate owed by Sirius XM.
Partner David A. Handzo and Associates Previn Warren, Marguerite L. Moeller and Jennifer J. Yun led the team representing SoundExchange, with key support from Partners Steven R. Englund and Matthew S. Hellman and Associate Kathryn L. Wynbrandt.