Krell
March 2nd, 2006, 10:27 PM
Contributed by Carlo (http://www.techdirt.com/search.pl?author=Carlo) on Thursday, March 2nd, 2006 @ 02:45PM
from the pay and pay some more dept.
The RIAA has been renegotiating the royalty rates it gets from XM and Sirius for several months now (http://techdirt.com/articles/20051007/1028217_F.shtml), and like anybody would, they're trying to raise what the companies pay them. But Sirius' CFO says the group wants 30 percent of the satellite radio companies' revenues (http://news.morningstar.com/news/DJ/M03/D01/200603011718DOWJONESDJONLINE001152.html?pgid=qtqnN ews2).
The RIAA sees XM and Sirius as interactive, rather than broadcast services, hence the raised demands -- so, of course, this has nothing to do with the RIAA not liking the new services XM and Sirius (http://techdirt.com/articles/20051109/1235223_F.shtml) are introducing that let users record material off the air, even if some of those services are geared towards selling music downloads (http://techdirt.com/articles/20051109/1235223_F.shtml).
Times are looking a little tough for satellite radio, with the costs of running their networks (http://techdirt.com/articles/20060216/1439251_F.shtml) coming home to roost -- having to pay out 30% of their revenues to the RIAA wouldn't exactly help their cause.
http://techdirt.com/articles/20060302/1441204_F.shtml
.
from the pay and pay some more dept.
The RIAA has been renegotiating the royalty rates it gets from XM and Sirius for several months now (http://techdirt.com/articles/20051007/1028217_F.shtml), and like anybody would, they're trying to raise what the companies pay them. But Sirius' CFO says the group wants 30 percent of the satellite radio companies' revenues (http://news.morningstar.com/news/DJ/M03/D01/200603011718DOWJONESDJONLINE001152.html?pgid=qtqnN ews2).
The RIAA sees XM and Sirius as interactive, rather than broadcast services, hence the raised demands -- so, of course, this has nothing to do with the RIAA not liking the new services XM and Sirius (http://techdirt.com/articles/20051109/1235223_F.shtml) are introducing that let users record material off the air, even if some of those services are geared towards selling music downloads (http://techdirt.com/articles/20051109/1235223_F.shtml).
Times are looking a little tough for satellite radio, with the costs of running their networks (http://techdirt.com/articles/20060216/1439251_F.shtml) coming home to roost -- having to pay out 30% of their revenues to the RIAA wouldn't exactly help their cause.
http://techdirt.com/articles/20060302/1441204_F.shtml
.