Zeev's Turnips Patch-No Politics (ZEEV)

[kron7777]

Zeev,
the link to the http://www.riaa.org does not work , but maybe this helps:

XM Satellite Radio (Nasdaq: XMSR), SIRIUS (Nasdaq: SIRI) and SoundExchange, today announced an agreement on royalty rates and terms for the public performance of copyrighted sound recordings by the satellite digital radio services.

The agreement covers the period through December 31, 2006. Terms of the agreement are confidential.

"The royalties paid under this agreement will be an important new revenue stream for the 3,000 labels and thousands of artists we represent. The agreement once again compensates artists and copyright owners for public performances of their creative works," said John L. Simson, Executive Director, SoundExchange.

SIRIUS Vice President, Business Affairs, Doug Kaplan and XM Senior Vice President, Regulatory, Lon Levin commented, "We're pleased to have reached an amicable agreement that compensates performers and record labels. We look forward to a long and productive relationship with artists and the recording industry."

"We are delighted to have reached an agreement that compensates creators and allows XM and SIRIUS to grow while avoiding a costly arbitration. We expect this agreement to be the start of a mutually beneficial relationship with these exciting new services for many years to come," said Steven Marks, Senior Vice President, Business and Legal Affairs at RIAA.

"Musicians make huge investments of money, soul, talent and heart when they record their music," said Thomas F. Lee, President of the American Federation of Musicians. "This agreement will ensure that they benefit from the exciting opportunities offered by XM and SIRIUS."

"We are pleased to reach a settlement that will provide an opportunity for these new services to develop while ensuring that artists are compensated," said AFTRA's Director of Sound Recordings, Ann Chaitovitz. "This settlement shows that the music industry is changing, not dying, and that there will be important new income streams for artists and labels."