While SIRIUS may have reached agreements with the RIAA over the Sirius S50, these agreements are not applicable for their upcoming live SIRIUS Wearable unit due out later this year.

During today's earning conference call, Mel Karmazin suggested the agreement reached between Sirius and the four major record labels could be a one-time deal that won’t be repeated.

Karmazin said that their portable device "adheres to the law" and should be considered a legitimate consumer device with recording and playback capabilities.

Yet another reason why The Perform Act needs to come to a halt. Current and future receivers are at stake.

[Billboard Radio Monitor]