AdsWizz is trumpeting a major get — Berlin-HQ’d global streamer SoundCloud has chosen the U.S.-HQ’d global ad-tech company AdsWizz to exclusively represent digital audio ad sales in significant European markets. This deal has an in-house feeling; AdsWizz is a subsidiary of Pandora, which is owned by Sirius XM, which also owns 30% of SoundCloud. Continue Reading
by Jeff Umbro
In this week’s column, The Podglomerate CEO Jeff Umbro catches up after a mini vacation, rounding up the latest acquisitions, a prediction, a podcast recommendation, and other topical items. Continue Reading
In this week’s Q1 earnings call from parent company Sirius XM, we learned (and reported) that Pandora experienced a drop in monthly listeners to about 61-million, down from the year-ago Q1 report of 66-million. Sirius XM executives think they know exactly why. Continue Reading
Sirius XM has released its financials for the first quarter of 2020. The satellite radio and audio company reported revenue of $1.95 billion, up from $1.74 billion in the same period of 2019. Net income totaled $293 million, or 7 cents per share, up from $162 million, or 3 cents per share, in the year-ago period. Continue Reading
We thought it might be interesting to compare how three publicly traded audio stocks have fared in the COVID-19 period, for one month starting in early March. Sirius XM has weathered the coronavirus storm better than iHeartMedia and Spotify, but even so the drop is about 30%. Continue Reading
Brief news items and worthy reads from around the web. Today’s items include a Google Podcasts AMA, some figures from a Russian streaming service, and more of the latest on how the music industry is responding to the coronavirus pandemic. Continue Reading
Sirius XM has made a $75 million investment into SoundCloud. According to the press release, SoundCloud will put the money toward product development, as well as enhancing services for creators and listeners. Continue Reading
Sirius XM has released its financial results for the fourth quarter and full year of 2019. The company’s acquisition of Pandora in February 2019 had a notable impact on its earnings, including a boost to overall revenue, although higher costs in acquisition, refinancing, and other areas did bring down annual income. Continue Reading
Sirius XM and Pandora have been gradually finding ways to cross-promote and collaborate after the satellite radio company’s acquisition of the online audio service in 2018. The businesses are now investigating how to create a joint subscription that would cover both of its services. Continue Reading
Sirius XM released its latest subscriber numbers ahead of its February earnings release and conference call. The satellite radio company announced that it total paid subscriber base has hit a record high of 34.9 million. Continue Reading
Billboard released its annual list of digital power players, a collection of the business leaders who are driving segments such as streaming and radio. Both industries had notable figures from businesses around the world, as well as from leading brands. Continue Reading
Sirius XM announced that Alex Luke has joined the company as senior vice president of digital content. In this position, Luke will lead programming on Pandora and head up editorial content for both Pandora and Sirius XM’s digital platforms. Continue Reading