By Lisa Beilfuss
Sirius XM Holdings Inc. on Friday agreed to pay $210 million to
settle a case with major record labels over oldies music the
company has aired.
According to a filing with the Securities and Exchange
Commission, the settlement resolves all past claims to the
satellite-radio broadcaster's use of pre-1972 tunes and enables it
to broadcast the music through the end of 2017.
The settlement also gives Sirius the right to enter into license
agreements with record companies from 2018 through 2022.
The settlement with Capitol Records LLC, Sony Music
Entertainment, UMG Recordings Inc., Warner Music Group Corp. and
ABKCO Music & Records Inc. covers 80% of the pre-1972
recordings Sirius has used on a few of its 70-plus music
channels.
Unsettled is a suit brought last year by the founders of the
'60s band the Turtles.
The suits stemmed from the fact that sound recordings weren't
brought within the scope of federal copyright protection until
1972, meaning legacy artists have had little explicit
protection.
A spokesman for Sirius declined to comment beyond the company's
regulatory filing.
Pandora Media Inc. has similarly faced lawsuits brought by the
music industry, and from the Turtles, for playing pre-1972
music.
The Recording Industry Association of America called the
settlement a "step forward for music creators" and said it hopes
"others take note of this important agreement and follow Sirius
XM's example."
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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