AccuRadio to Pay SoundExchange $210K Monthly in Temporary Royalty Agreement Amid Lawsuit
SoundExchange and AccuRadio have reached a temporary payment agreement following their ongoing licensing dispute, with AccuRadio agreeing to pay $210,000 monthly while litigation continues.
SoundExchange logo on black background
The agreement, approved by Judge Matthew F. Kennelly, comes after SoundExchange filed a complaint 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 Under the new arrangement, SoundExchange has withdrawn its preliminary injunction motion, though retains the right to reinstate it later.
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 can be adjusted based on AccuRadio's average monthly performance numbers 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 from the satellite radio provider.
Stage with performance lighting and mics
SiriusXM radio display with song info