Florida rules in favor of Sirius XM over pre-1972 royalties

Sirius XM secured a court win in Florida over royalties for music recorded prior to 1972. The satellite radio company was sued by Flo & Eddie, representing two members of The Turtles, in Florida, New York, and California over whether it has to pay royalties when it plays songs that were recorded before the adoption of federal copyright law. Continue Reading


Pandora, Sirius XM close investment. Sirius execs join board.

Pandora and Sirius XM have closed the strategic investment announced in June. Sirius XM has purchased 307-million Series A shares of P stock for a $480-million investment in the internet radio firm. At the same time, Sirius execs James E. Meyer (CEO), David J. Frear (CFO) and Gregory B. Maffei (Chairman) joined the Pandora board. Maffei is now chairman of both companies. Continue Reading


More from Pandora: Ticketfly sold, leadership boasts strong balance sheets

The news of Sirius XM’s $480 million in Pandora wasn’t the only big development for the audio company today: Pandora has sold Ticketfly to Eventbrite for $200 million. Here, we also get a little more insight into what the outlook is within Pandora, both on the recent business activities and on its future direction. Continue Reading


Rumor Fact(ory): Verizon reportedly might invest in Pandora pending Sirius deal

We’ve been hearing speculation for many months that Pandora and Sirius XM are interested in building a closer relationship. Sirius XM has been rumored to want to acquire the online audio company, but the two parties have been at odds over price. New information from the New York Post’s Claire Atkinson indicated that if Sirius does back away, Pandora might have another interested suitor. Continue Reading


Music Reports to administer pre-1972 license for Sirius XM

The latest development in the unfolding legal story between Sirius XM and Flo & Eddie is about the background paperwork. Music Reports has been chosen as the royalty administrator for a ten-year license for the satellite radio company’s use of Flo & Eddie’s recording catalog and other recordings from prior to 1972. Continue Reading