Music Streamer AccuRadio Files for Bankruptcy Amid SoundExchange Royalties Lawsuit

AccuRadio says it owes $10 million to SoundExchange, which brought a lawsuit last year claiming the ad-supported streaming service has unpaid royalties dating back to 2018. AccuRadio Free music streaming service AccuRadio has filed for bankruptcy, citing $10 million in debts to SoundExchange and failed settlement talks in the organization’s lawsuit against the streamer over unpaid artist royalties. AccuRadio, an ad-supported platform that describes itself as “the only online music streaming service curated by human beings, not algorithms,” sought bankruptcy protection in a Wednesday (May 14) petition to the federal court in its home city of Chicago. The bankruptcy petition says AccuRadio owes $10 million to SoundExchange, the nonprofit that collects and distributes royalties to record labels and artists. SoundExchange sued AccuRadio last summer, alleging the streamer had an undisclosed amount of unpaid royalties dating back to 2018. Trending on Billboard AccuRadio contests those claims, saying it’s been a “consistently reliable SoundExchange licensee for the vast majority of the past two decades.” The company put out a press release Wednesday, blaming its bankruptcy on failed settlement talks in the litigation. “We were led to believe that our latest proposal would be accepted by SoundExchange with only minor modifications,” wrote AccuRadio’s
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