Sirius CEO Mel Karmazin went into hyperbole at the Morgan Stanley Global Automotive this morning: In response to a question about RIAA asking for more money from satcasters, Karmazin said he would be willing to pay significantly higher fees to the recording industry, but they would need to remove music from terrestrial radio stations and make it only available on satellite radio.
“We have done great things for the music industry. We are absolutely are playing more new music than they have ever experienced in terrestrial radio. And we are also paying them, which is something that terrestrial radio is not,” said Karmazin. The audio of his session is here.
In related but marginal news, also read: “Karmazin’s Sirius Tops XM–On Web“
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