SiriusXM has reportedly agreed to pay upwards of $99 million to settle a royalty lawsuit led by former Turtles members Mark Volman and Howard Kaylan, aka Flo and Eddie.

The suit sought to settle nonpayment of royalties for the broadcast of recordings made before 1972.

The New York Times reports that SiriusXM will pay out at least $25 million for its past unlicensed broadcast of pre-1972 recordings, with an additional $15 million potentially to follow.

The company has also agreed to purchase a 10-year license for the plaintiffs' catalogs, set at a 5.5 percent royalty rate that could ultimately be worth between $45 and $59 million over the duration of the agreement.

This settlement still has to be approved by the court.

Music streaming site Pandora is also facing legal action.