April 26, 2017 / 11:23 AM / 4 months ago

BRIEF-Mood media announces update to court proceedings involving its subsidiary Muzak LLC

April 26 (Reuters) - Mood Media Corp

* Mood media announces update to court proceedings involving its subsidiary muzak llc

* Mood media corp- appeals court issued decision regarding suit by soundexchange against muzak alleging underpayment by muzak of certain royalties

* Mood media - appeals court reversed ruling of lower court and held that certain transmissions by muzak may be ineligible for such lower royalty rate

* Mood media corp- company continues to assess potential impact of decision of appeals court on business and operations of company

* Mood media corp - soundexchange had claimed damages against muzak ; amount could exceed $10 million Source text for Eikon: Further company coverage:

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