Sirius XM likely will pass through an expected increase of performance royalty...
Sirius XM likely will pass through an expected increase of performance royalty fees to customers by raising monthly subscriber bills a total of $1 monthly over the next five years, said Pivotal Research Group analyst Jeffrey Wlodarczak. With the decision…
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from the Copyright Royalty Board that will determine what Sirius will pay SoundExchange expected by Dec. 14 (CD Dec 4 p9) OR (CED Dec 4 p9) OR (WID Dec 4 p6), Wlodarczak said he expects Sirius’ royalty fees to increase from 8 percent of subscription revenue to 10 percent next year and 13 percent in five years. Below certain levels, “these higher fees are manageable and need to be taken in the context of Sirius’ still significant overall market and operating margin expansion opportunity,” Wlodarczak wrote investors Wednesday.