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Sirius, Two Labels Reach Deal on Wearables

Sirius, Two Labels Reach Deal on Wearables

Sirius Satellite Radio reached a deal with two music companies to allow their songs to be played on a new wearable satellite radio that can record and store music for future playback. Sirius will pay a fee to Warner Music Group Corp. and Vivendi Universal SA’s Universal Music Group for each unit of its new S50 radio device that it sells, according to officials from the three companies.
According to Reuters and the Wall Street Journal, other terms of the deal were not disclosed.
The Sirius S50 allows users to capture and store up to 50 hours of Sirius content, or a mix of Sirius programming and MP3/WMA files, as we’ve previously reported.
The music labels believed they should get more than the standard license fees from Sirius for the devices.
The Journal reported other music labels are in negotiations with Sirius for the device as well.
XM Satellite Radio is close to launching portables from Samsung and Pioneer that combine XM with an MP3 player and the ability to store content.