AccuRadio to Pay SoundExchange $210K Monthly in Interim Deal Amid Royalty Dispute

AccuRadio to Pay SoundExchange $210K Monthly in Interim Deal Amid Royalty Dispute

By Marcus Hartley

December 2, 2024 at 08:23 AM

SoundExchange and AccuRadio have reached a temporary payment agreement in their ongoing licensing dispute, with AccuRadio agreeing to pay $210,000 monthly while litigation continues.

SoundExchange logo on black background

SoundExchange logo on black background

The agreement, approved by Judge Matthew F. Kennelly, comes after SoundExchange filed a lawsuit in July alleging AccuRadio had failed to make required royalty payments. Under the new arrangement, SoundExchange has withdrawn its preliminary injunction motion, though retains the right to reinstate it.

Key terms of the agreement include:

  • Monthly payments of $210,000 beginning immediately
  • Payments due on the first of each month until final judgment
  • Flexibility to adjust payment amounts with mutual written consent
  • Full credit for payments against any final liability
  • Continued monthly performance reporting requirements

The payment amount may be adjusted based on AccuRadio's average monthly performances and current regulatory rates for non-subscription transmissions. If AccuRadio fails to make payments, SoundExchange can refile for injunctive relief or seek expedited proceedings.

This case runs parallel to SoundExchange's separate royalty dispute with SiriusXM, which involves counterclaims and ongoing litigation.

Stage with performance lighting and mics

Stage with performance lighting and mics

SiriusXM radio display with song info

SiriusXM radio display with song info

Related Articles

Previous Articles