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# Sirius XM [SIRI] Stock Falls On News Of 40% Royalty Rate Increase
- URL: https://www.hypebot.com/sirius-xm-siri-stock-falls-on-news-of-40-royalty-rate-increase/
- Published: 2017-12-17T21:25:00.000Z
- Updated: 2017-12-17T21:25:00.000Z
- Description: 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]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:05

[![Siriusxm](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2c7d495970c-200wi "Siriusxm")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2c7d495970c-popup?ref=hypebot.com)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 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](https://www.hypebot.com/copyright-royalty-board-raises-rates-siriusxm-pays-for-music-40/).