Epic Radio IP Inc. (dba Oldies XL) has been issued licenses from those music rights organizations listed below granting Oldies XL the express and limited right to broadcast copyrighted music over the internet. For this right, Oldies XL pays music royalties to the writers and composers of the music heard on Oldies XL. These royalties are performance based upon each music performance heard on Oldies XL. Additionally, Oldies XL is subject to a Statutory License under which it pays a fixed fee to the performers for the copyrighted, streamed content. Sound Exchange administers the Statutory License and collects fees from Oldies XL and distributes same to the artists that perform the music heard on Oldies XL.