The music investment platform will use SoundExchange to give artists a cut of its revenue based on page view traffic.
In a new filing, the satellite-radio giant says SoundExchange’s “so-called audit” is “flawed" and claims SiriusXM has paid all of the royalties it owes.
The lawsuit claims SiriusXM is bundling its streaming and satellite services as part of a scheme to “grossly underpay the royalties it owes.”
The organization also saw a slight dip in distributions, which fell 3.4% from 2021 to $959 million.
Also this week: AWAL hires a leader for its expansion into India, an upstart ticketing platform gains a chief strategy officer and more.
SoundExchange says it has waited "long enough" after years of non-payment from the streaming service. A federal judge agrees.
"Five years is long enough" to wait for millions in unpaid royalties, SoundExchange told a federal judge.
SoundExchange sued this summer, claiming the streamer stopped paying in 2017.
