In a new filing, the satellite-radio giant says SoundExchange’s “so-called audit” is “flawed" and claims SiriusXM has paid all of the royalties it owes.
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
The lawsuit claims SiriusXM is bundling its streaming and satellite services as part of a scheme to “grossly underpay the royalties it owes.”
The Billboard Global Music Index rose 6.8% to 1,447.32, bringing the year-to-date gain to 23.9%.
The Billboard Global Music Index rose 2.5% this week and finished the midpoint of 2023 up 13%.
The satellite broadcaster will migrate Stitcher users to the SiriusXM app in an attempt to draw more subscribers to the service.
The channel is available for subscribers to tune-in from their cars at channel 307, and on the SXM App.
Also this week: Seeker Music acquires the catalog of Go-Go's member Charlotte Caffey, 300 Entertainment launches label JV with Remain Solid and more.
And it's probably not who you think it is.
Her Carrie's Country channel will launch in June.
