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
The latest development in the unfolding legal story between Sirius XM and Flo & Eddie is about the background paperwork. Music Reports has been chosen as the royalty administrator for a ten-year license for the satellite radio company’s use of Flo & Eddie’s recording catalog and other recordings from prior to 1972. Continue Reading
Pandora stock watchers have been following the dance moves of Sirius XM, which continues mentioning the leading internet radio company, even while denying any interest in acquiring it. This week, Pandora stock has dipped and bobbed a couple of times. Continue Reading
Sirius XM reported its fourth quarter and fiscal year 2016 earnings. Sirius XM CEO James Meyer deflected questions about the company’s will-they-won’t-they interest in buying Pandora and discussed mobile listening. Continue Reading
David Frear, CFO for Sirius XM, has quashed the latest rumors about the satellite radio company acquiring Pandora. “With respect to all the chatter about [these] acquisitions, you have to look at them as them not being likely,” Frear said Continue Reading