"Our work in building our digital assets continues to pay off; this is the sixth consecutive quarter in which the Digital Audio Group Adjusted EBITDA is larger than the Multiplatform Group Adjusted EBITDA.”
BMI described the settlement as a landmark moment, noting that it delivers the largest royalty rate increase the organization has ever achieved with the radio industry.
“Despite years of negotiations, SiriusXM is attempting to lower its payments to BMI songwriters, composers, and publishers, ignoring BMI’s preeminent market share, changes in the marketplace."