SIRIUS makes more deals with Music Companies

Monday, March 20, 2006

We first reported about the SIRIUS and UMG deal here.. now SIRIUS talks about more deals...

SIRIUS reached agreements with three major recording companies to settle disputes over a portable music player that enables users to store digital copies of music, a Sirius spokesman said Monday.

Sirius wrapped up separate deals with Universal Music Group, Warner Music Group and Sony BMG Music Entertainment, Sirius spokesman Patrick Reilly said.

The agreements address the music companies' concerns over the Sirius S50 player that can record up to 50 hours of music beamed by the broadcaster.

The recording industry argued that such digital radio devices could threaten online music sales because users get to keep CD-quality songs without paying.

Financial details of the agreements were not made public. But a deal with at least two of the companies calls for Sirius to pay a fee for every S50 it sells, two record company executives said on condition of anonymity because they were not authorized to discuss the confidentiality agreement.

more via the AP

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