Music GroupsDetails on Sirius Deal
Forbes has details on the deal reached between Sirius and Warner Music Group and Universal Music Group (mentioned at Coolfer the other day). The agreement will pay the music groups a per-unit fee for each S50 device sold. The S50 has the ability to store songs broadcast in Sirius radio shows. Research firm RBC is positive about the agreement and says it "potentially signals labels' willingness to compromise on broader royalty controversies."
Posted by Glenn at 9:45 AM
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Sirius
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Universal Music Group
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Warner Music Group
