SiriusXM Drops Counterclaims Against SoundExchange in $150M Royalties Dispute
SiriusXM has voluntarily dismissed its counterclaims against SoundExchange in their ongoing dispute over allegedly unpaid royalties, though the core lawsuit continues. The dismissal comes less than three months after SiriusXM filed counteractions seeking recoupment of allegedly overpaid royalties.
SiriusXM has voluntarily dismissed its counterclaims against SoundExchange, though the underlying unpaid royalties battle is still in full swing. Photo Credit: SoundExchange
The original lawsuit, filed by SoundExchange, claims SiriusXM owes over $150 million in royalties due to alleged revenue misrepresentations in combined satellite and online radio packages. At issue are the different royalty calculations required for satellite versus digital packages, with SoundExchange accusing SiriusXM of inflating webcasting values to reduce bundle royalty payments.
While the counterclaims dismissal might suggest movement toward resolution, recent court activities indicate otherwise. The judge recently approved a briefing schedule for SiriusXM's motion to dismiss, with key deadlines through December 18th. A status conference on October 17th revealed ongoing disagreements between the parties.
Key Dates:
- October 28th: SiriusXM's moving brief deadline
- November 26th: SoundExchange's opposition brief due
- December 18th: SiriusXM's reply brief deadline
Separately, SiriusXM is also engaged in a rate court dispute with BMI over terms for 2022-2026.
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