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
Sirius XM announced that several podcasts from WNYC Studios will be added to its programming. Shows produced by the New York Public Radio group will air on Sirius XM Insight channel – which hosts podcasts, public radio, and political comedy – beginning Jan. 9, 2017. Continue Reading
Flo & Eddie’s see-saw of a legal case against Sirius XM has swung back in favor of the satellite radio company. New York appeals court Judge Leslie Stein ruled that the state’s common law does not protect public performance of pre-1972 sound recordings. Continue Reading
Pandora’s stock spiked after CNBC reported that the online audio company was open to acquisition talks with Sirius XM. Shares rose more than 9% on Friday on the rumor. Tim Westergren, Pandora’s CEO, has been vocal about his lack of interest in selling off his company. Continue Reading
Sirius XM has settled its California royalty case with two members of The Turtles. The parties have been locked in legal proceedings for years about the treatment of recordings made prior to 1972, when federal copyright law was enacted. Continue Reading
Sirius XM shared its Q3 financial results, complete with quarterly record revenue of nearly $1.28 billion. That figure rose 9% from third-quarter revenue of $1.17 billion in 2015. The company’s board of directors also announced its first quarterly dividend. Continue Reading
SoundExchange has filed its royalty rate request to the Copyright Royalty Board (CRB) for satellite radio’s use of music recordings. This is part of the “SDARS III” proceeding, which will set music royalty rates for Sirius XM, taking effect in the 2018-2022 period. Continue Reading
Brief news items and worthy reads from around the web: Sirius XM isn’t worried about streaming rivals; seasonal listening trends on Spotify. Continue Reading