News Sirius hit with big fine

Discussion in 'The Howard Stern Show' started by PSU Shower Room, Jun 26, 2015.

  1. PSU Shower Room

    PSU Shower Room Well-Known Member

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    Less marbles to offer Gunky (although I don't think they're negotiating this time around anyway).

    http://mobile.reuters.com/article/idUSL1N0ZC0LW20150626?irpc=932

    Sirius XM to pay record companies $210 mln over pre-1972 songs
    JUNE 26 | Fri Jun 26, 2015 9:18am EDT

    June 26 (Reuters) - Sirius XM Holdings Inc on Friday said it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties.

    In a regulatory filing, Sirius said the accord with Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc, Warner Music Group and ABKCO Music & Records resolves all past claims over the songs, and will let it continue broadcasting those songs in the United States through the end of 2017.

    The record companies will dismiss their Sept. 2013 lawsuit with prejudice, Sirius said, meaning it cannot be brought again. (Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama)
     
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  2. PSU Shower Room

    PSU Shower Room Well-Known Member

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    Oops not a fine, lawsuit settlement. I'm half paying attention most of the time I post...
     
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  3. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Well, they must have thought they were going to lose then if it did go to court.
     
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  4. Tipsey Russell

    Tipsey Russell VIP Extreme Gold

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    they play the same 15 songs on each station on a loop
    so that's some fucking ding per song
     
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  5. PSU Shower Room

    PSU Shower Room Well-Known Member

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    Yeah. They're aware of all the shady shit they do.

    Just look at their billing practices and notorious customer service.

    Gunkwad is probably seething that the record industry lawyers were able to accomplish what his couldn't.
     
  6. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

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    [​IMG]
    Thanks Phosphorescent Leech
     
  7. Captain

    Captain Alto, Blanco y Guapo Gold

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    And the mighty SIRI stock dropped from $3.84 to $3.82 per share . . . It's sort of like a three-legged dog losing hearing in one ear.
     
  8. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    Well that good news, we wouldn't want the big record companies to have their rights violated now! :crying:

    I'm sure they will pass along at least $200 million of that to the artists that are probably living in poverty or suffering from health issues right now.



    Like that will happen.... :spit:
     
  9. DogStar69

    DogStar69 Well-Known Member

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    They are paying 210 minutes? :huh:
     
  10. PSU Shower Room

    PSU Shower Room Well-Known Member

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    That one's not on me. I copied and pasted.

    Maybe the reporter is on here too while he's writing.
     
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  11. HowieStearn

    HowieStearn HateClub

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    thats ok, we're half paying attention reading posts :dontknow:
     
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  12. EddyG

    EddyG MORON Banned User

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    and eddy
     
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  13. Beer Chugger

    Beer Chugger Well-Known Member

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    Shouldn't the Wig have to pay $100 mil if he is a "partner"

    Man, that would be sweet justice.
     
  14. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    That's ok. So are we.
     
  15. Big Biscuit

    Big Biscuit Well-Known Member

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    That old fucker, Cousin Brucie......can't he follow the law?
     
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  16. Javaforgotme

    Javaforgotme Well-Known Member Banned User

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    Say good bye to Jason or Will. One less headcount in the "bullpen".
     
  17. Thats Gangster Talk

    Thats Gangster Talk New Member

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    Subscription increases coming soon to a theatre near you.
     
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  18. scoobyla

    scoobyla Well-Known Member

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    she should be fined for that hair
     
  19. Ipokesmot

    Ipokesmot Well-Known Member Banned User

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    Jews fighting over music from over 40 years ago. :facepalm:

    Meanwhile, most people haven't paid for music since 2000. :jj:
     
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  20. Droog

    Droog Well-Known Member VIP

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    They raised rates by 3X as much as paying royalties cost them, then told us they had to raise them to pay royalties - some of which they apparently weren't paying. I'm so happy I don't pay for that shit anymore.
     
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