SOUNDEXCHANGE SETTLES CASE WITH SIRIUSXM

SiriusXM will pay SoundExchange $150 million to settle a lawsuit over outstanding royalties from January 2007 to December 2017.

Commenting on the settlement, SoundExchange President and CEO Michael Huppe said:

"We are happy to resolve this case with SiriusXM. The settlement allows us to distribute additional royalties to SoundExchange's artists and rights owners while avoiding additional costly litigation."

In other remuneration news, one HITS editor gently reminded another HITS editor today that she was still owed eight bucks for those magic gummi bears.

For more SoundExchange news, go here.