Sirius XM closes acquisition of Pandora; Jim Meyer lays out strategic bullet points

As predicted in this week’s Sirius XM earnings call for Q4 2018, the Sirius XM acquisition of Pandora closed today. Pandora is now a wholly owned component of the satellite broadcaster. In the earnings call, Sirius CEO Jim Meyer had things to say about Pandora, and was explicit in laying out broad strategic thoughts. Click through for abundant quotes. Continue Reading


Purge at Pandora as Sirius plans takeover; Roger Lynch out

Pandora’s shareholders have approved a big change to leadership, a move that will see new owners Sirius XM exerting much more control over the audio company. The January 29 meeting saw stockholders approve the all-stock acquisition of Pandora by Sirius XM. When the buyout closes, several high-ranking officials will leave Pandora, including CEO Roger Lynch. Continue Reading


Sirius XM, Amazon team up for satellite radio and smart speaker bundles

Sirius XM has entered a marketing partnership with Amazon to offer two potential deals in the crossover between satellite radio and smart speakers. The bundles are part of a major promotional initiative by Sirius XM called Bring Us Home, a campaign centered on encouraging listeners to use its satellite radio plans outside of cars. Continue Reading


Sirius XM acquires Pandora

In a landscape-shifting deal that could be filed in the “Finally!” folder, Sirius XM is buying Pandora. The satellite company already owned a 14% stake in the streaming audio giant, and three Sirius execs have been sitting on Pandora’s board for over a year. Pandora’s well-prepared material on the deal calls the combination “the world’s largest audio entertainment company.” Continue Reading


Sirius XM to pay $150M in settlement with SoundExchange

Sirius XM has reached a settlement with SoundExchange, ending outstanding claims surrounding royalty payments from January 2007 through December 2017. SoundExchange claimed that Sirius XM had taken deductions and exemptions in calculating its royalty payments. The satellite radio company will make a lump sum payment of $150 million to SoundExchange. Continue Reading