Sirius XM Raising Fees In July Due To Performance Royalty

[ Follow Ups ] [ Post Followup ] [ chicagomedia.org :: Chicago Radio, TV, All Media Discussion Forum ]

Posted by Lovely on June 04, 2009 at 09:02:06:

What has been rumored for the last couple of weeks has now been confirmed. Sirius XM will be raising their prices to all subscribers (except Lifetime subscribers) on July 29th. Even though they are not allowed to raise their base rates, a legal loophole will allow them to charge approximately $1-$2 additional as a added surcharge. They are blaming the Performance Tax fees on the increase and are claiming that the added fees will mainly go to the record labels. Sirius XM will be basically increasing rates 13% to cover the 7% royalty. The extra 6% Sirius XM gets to pocket because they are such swell folks.

You can read all the details on the Orbitcast website at the link below:

Sirius XM to pass Music Royalty Fees to consumers

Follow Ups:

Post a Followup

Name:
E-Mail:

Subject:

Comments:
: What has been rumored for the last couple of weeks has now been confirmed. Sirius XM will be raising their prices to all subscribers (except Lifetime subscribers) on July 29th. Even though they are not allowed to raise their base rates, a legal loophole will allow them to charge approximately $1-$2 additional as a added surcharge. They are blaming the Performance Tax fees on the increase and are claiming that the added fees will mainly go to the record labels. Sirius XM will be basically increasing rates 13% to cover the 7% royalty. The extra 6% Sirius XM gets to pocket because they are such swell folks. : You can read all the details on the Orbitcast website at the link below:

Optional Link URL:
Link Title:
Optional Image URL:

Enter verification code:

[ Follow Ups ] [ Post Followup ] [ chicagomedia.org :: Chicago Radio, TV, All Media Discussion Forum ]

postings are the opinions of their respective posters and site ownership disclaims any responsibility for the content contained.
(register a domain name, host your web site, accept credit cards, get a unix shell account)