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
Sirius XM posted its Q2 financial results, and the satellite radio company saw its revenue grow 9% on-year to $1.3 billion. Quarterly net income totaled nearly $202.11 million, or 4 cents per share, up from income of $174.95 million in the year-ago period. Continue Reading
Brief news items and worthy reads from around the web: Sirius XM in the royalty spotlight. Judge nullifies UMG’s Prince deal. Continue Reading
Pandora’s new interim CEO, Naveen Chopra, who moved into the temporary role from when ex-CEO and founder Time Westergren stepped down two days ago, is quickly in the spotlight. Chopra spoke at the 4th Annual Bernstein Future of Media Summit, and reconfigured Pandora’s strategic priorities. Continue Reading
The news of Sirius XM’s $480 million in Pandora wasn’t the only big development for the audio company today: Pandora has sold Ticketfly to Eventbrite for $200 million. Here, we also get a little more insight into what the outlook is within Pandora, both on the recent business activities and on its future direction. Continue Reading
Pandora and Sirius XM are getting closer ties at long last, but it’s not quite the same relationship the parties were initially planning. Sirius XM has agreed to invest $480 million in Pandora. This investment causes a ripple effect, changing some other business avenues that Pandora had also been considering. Continue Reading
Pandora returns to the headlines today as yet another layer of outside involvement becomes a possibility for the audio company. The audio company’s future has been a topic of interest as an ever-growing number of parties consider getting involved with the business to varying degrees. Two new developments have emerged around this ongoing story today. Continue Reading
We’ve been hearing speculation for many months that Pandora and Sirius XM are interested in building a closer relationship. Sirius XM has been rumored to want to acquire the online audio company, but the two parties have been at odds over price. New information from the New York Post’s Claire Atkinson indicated that if Sirius does back away, Pandora might have another interested suitor. Continue Reading
It’s a busy day for Sirius XM. The satellite radio company released its quarterly results – Q1 2017 revenue hit a new high –
and it announced a big acquisition – purchasing connected car business Automatic Labs. Continue Reading