DIY podcasting app Anchor is crossing over into the broadcast world. The company is launching a show on Sirius XM called This Week on Anchor. It will air on Sirius XM Insight Channel 121 on Saturdays at 7 am Eastern and 7 pm Eastern, and Sundays at 3 pm Eastern. Continue Reading
Satcaster Sirius XM reported its Q1 financials yesterday. subscriptions up 330,000 to over 33-million. Revenue climbed 6% to 1.4-billion. Full-year guidance unchanged. CEO James E. Meyer commented on Pandora & iHeartMedia situations. Continue Reading
Liberty Media, majority owner of Sirius XM and minority owner of Pandora, has offered a term sheet that would grant it ownership of a 40% stake in iHeartMedia for $1.159 billion. This move is an eleventh-hour deal in reaction to iHeartMedia’s difficult financial situation. It also isn’t the first time Liberty has broached a last-minute audio investment. Continue Reading
Sirius XM has shared its results from the 2017 fourth quarter and full fiscal year. The satellite radio company posted quarterly revenue of $1.4 billion and a net loss of 37 million, or 1 cent per share. For the full year, revenue totaled $5.4 billion. Net income was $648 million, or 14 cents per share. Continue Reading
Ahead of its Q4 earnings call, Sirius XM announced that it has exceeded its 2017 subscriber guidance. The satellite radio company ended the year with about 27.5 million self-pay subscribers, adding an estimated 1.56 million self-pay subscribers in 2017. Continue Reading
Some Sirius XM subscribers have been informed that their subscription costs will go up starting in mid-February. The price hike is attached to a Music Royalty Fee already paid by some accounts. Continue Reading
The Copyright Royalty Board recently made its ruling for royalty rates to be paid by Sirius XM in 2018-2022. David Oxenford lays out the known details of the determination along with some important notes about the appeal for the webcasting rates set for 2016. Continue Reading
The Copyright Royalty Board judges have set the new royalty rates and terms for Sirius XM. The company will pay 15.5% of gross revenues for the period of January 1, 2018 through December 31, 2022. That’s a 40% increase from the 11% share Sirius XM has been paying for royalties. Continue Reading
Sirius XM has added support for Apple CarPlay to its iOS app. The in-vehicle support means car owners with the CarPlay can connect their phone to access channels, on-demand episodes, and other favorite content. Continue Reading
Sirius XM secured a court win in Florida over royalties for music recorded prior to 1972. The satellite radio company was sued by Flo & Eddie, representing two members of The Turtles, in Florida, New York, and California over whether it has to pay royalties when it plays songs that were recorded before the adoption of federal copyright law. Continue Reading
Pandora and Sirius XM have closed the strategic investment announced in June. Sirius XM has purchased 307-million Series A shares of P stock for a $480-million investment in the internet radio firm. At the same time, Sirius execs James E. Meyer (CEO), David J. Frear (CFO) and Gregory B. Maffei (Chairman) joined the Pandora board. Maffei is now chairman of both companies. Continue Reading
We reported the numbers from Sirius XM’s Q2 financial results yesterday. Today, we dive into the transcript of the company’s conference call for more insights into the long on-again-off-again saga of its interest in Pandora, as well as its more recent efforts around the Amazon Echo smart home speaker. Continue Reading