Sirius XM to Pay $150 Million to Settle Lawsuit Over Royalties

Sirius XM Radio Inc. has agreed to pay $150 million to SoundExchange Inc. to settle lawsuits alleging that the satellite-radio giant underpaid royalties for recordings. The Sirius XM Holdings Inc. subsidiary said it would make a one-time payment to SoundExchange, a not-for-profit offshoot of the….


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