As we have reported on the A2IM website, Sirius XM has been soliciting independent music labels to enter into direct licensing deals with Sirius instead of pursuing the current statutory licenses, with independently CRB established rates, available through SoundExchange. These reports relate to the value of independent label Copyrights.
Yesterday, Sirius XM filed a complaint with the United States District Court, Southern District of New York against A2IM (and SoundExchange) alleging unlawful interference with trade. We’ve reviewed the complaint and feel that it is completely without merit. We have engaged outside counsel and plan to vigorously defend our organization against this complaint.