Record labels are applying the screws to Sirius Satellite Radio. They're looking
for royalty payments on the music Sirius plays that could total 30 percent of the satellite provider's revenue. This is
based largely on a new piece of hardware coming from Sirius that will allow listeners to record hours of programming in
much the same manner as a DVR does for TV broadcasts. This is being seen by the record labels as an
"interactive" service that entitles them to a royalty-based payment schedule as opposed to a
"broadcast" service where they get lower payments. The two parties will have to go into arbitration if they
can't hammer out their differences by June 30th.Record labels look for more money from Sirius
Record labels are applying the screws to Sirius Satellite Radio. They're looking
for royalty payments on the music Sirius plays that could total 30 percent of the satellite provider's revenue. This is
based largely on a new piece of hardware coming from Sirius that will allow listeners to record hours of programming in
much the same manner as a DVR does for TV broadcasts. This is being seen by the record labels as an
"interactive" service that entitles them to a royalty-based payment schedule as opposed to a
"broadcast" service where they get lower payments. The two parties will have to go into arbitration if they
can't hammer out their differences by June 30th.
