Satellite radio company XM Canada reaches royalty payment agreementSep 16, 2009 Source: Canadian PressTORONTO — Satellite radio company XM Canada has reached a deal to make royalty payments to several groups representing Canadian musicians and songwriters.The satellite radio provider, which is owned by parent company Canadian Satellite Radio Holdings Inc., said the deal includes retroactive payments owed and on-going monthly payments. "We recognize the important role these organizations play in supporting Canadian artists and this agreement allows us to balance the retroactive amount owed with the ongoing investment required to continue building on our own success," XM Canada president and chief executive Michael Moskowitz said. The settlement includes the Society of Composers, Authors and Music Publishers of Canada, the Neighbouring Rights Collective of Canada and CSI, a joint venture of the Canadian Musical Reproduction Rights Agency Ltd. and the Montreal-based Society for Reproduction Rights of Authors, Composers and Publishers in Canada. The company had faced legal action by several of the groups seeking their money. In May, the Copyright Board of Canada certified a tariff to be paid each month by multi-channel subscription satellite radio services for broadcasting Canadian music. The tariff includes retroactive royalty payments dating back to 2005, when XM Radio first went on the air in Canada. © Canadian Press |
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