Sirius XM presented supplemental closing arguments before the Copyright Royalty Board (CRB) on February 13, 2026. This proceeding determines statutory royalty rates for the digital performance of sound recordings.
The hearing establishes rates for the 2026 through 2030 period. These figures will directly impact the company’s content acquisition costs and long-term profitability.
The proceeding, known as Web VI, required additional arguments due to a change in the composition of the judicial panel.
The CRB has not yet issued a final decision. The eventual ruling will serve as a primary driver for Sirius XM’s future expense structure regarding its streaming services.