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Sirius XM [SIRI] Stock Falls On News Of 40% Royalty Rate Increase

The price of Sirius XM [NASDAQ SIRI] stock fell on Thursday and Friday on news that the US Copyright Royalty Board has raised the rates that the satellite broadcaster must. Continue reading [https://www.hypebot.com/hypebot/2017/12/sirius-xm-siri-stock-falls-on-news-of-40-royalty-rate-increase.html]

,   and  Bruce Houghton
SiriusxmThe price of Sirius XM [NASDAQ SIRI] stock fell on Thursday and Friday on news that the US Copyright Royalty Board has raised the rates that the satellite broadcaster must pay for music on its 100+ channels for the next four years by 40%. The stock closed Friday down 5.3% at $5.36. More on the details of the CRB rate change, which many see as a victory for creators and SoundExchange, here.

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