siriusxm.com |
Sony Music Entertainment, UMG Recordings,
Warner Music Group and ABKCO filed lawsuit against SiriusXM. According toBillboard, the companies are suing SiriusXM for artists’ royalties for the recordings before 1972 which was
unpaid. These major recording companies are seeking
for damages and punitive damages.
In a statement supplied by Recording
Industry Association of America (RIAA), Steve Cropper, a songwriter and also a guitarist,
said, "It's an outrage that SiriusXM, a multi-billion [dollar] company
making a big profit based partly on the popularity of its oldies channels is
refusing to pay any artists like me one penny. That's not right and that needs
to be changed.", article added.
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