Welcome to our dedicated page for Sirius XM Holdings news (Ticker: SIRI), a resource for investors and traders seeking the latest updates and insights on Sirius XM Holdings stock.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the largest audio entertainment company in North America, boasting a portfolio of audio businesses that cater to a wide range of listener preferences. With 27.3 million subscribers, SiriusXM delivers commercial-free music, premier sports and live events, news, comedy, exclusive talk and entertainment, and the most comprehensive lineup of Latin commercial-free music, sports, and talk programming in radio.
The company is composed of two main businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. SiriusXM radios come preinstalled in a wide range of light vehicles across the US and Canada. Additionally, listeners can personalize SiriusXM’s expertly curated commercial-free music channels using MySXM and access thousands of hours of programming on demand through SiriusXM On Demand.
Pandora, acquired by Sirius XM Holdings in February 2019, is a streaming music platform that offers both an ad-supported radio option and a paid on-demand service. It also features a robust and growing podcast library, further expanding the company's content offerings. Pandora's ad-supported service generates significant revenue from advertisements, while its premium service offers an ad-free experience for users.
Sirius XM Holdings is controlled by Liberty Media, which owns 84% of the company, traded through its Liberty Sirius XM Group tracking stock. Reaching a combined monthly audience of approximately 150 million listeners, SiriusXM and Pandora offer diverse and expansive content across various genres and interests.
Recent developments include SiriusXM's acknowledgment of a non-binding proposal from Liberty Media regarding a potential transaction involving the company, which is currently being evaluated by a special committee of independent directors.
In August 2023, SiriusXM reported its operating and financial results for the second quarter of 2023, and similar updates were provided for the third quarter in October 2023, the full year 2023 in February 2024, and the first quarter of 2024 in April 2024. These results can be accessed on the Investor Relations section of the SiriusXM website.
In addition, SiriusXM unveiled a new streaming app set to roll out in December 2023, alongside a refreshed brand platform and a newly-priced Streaming All Access Plan aimed at attracting a new generation of listeners. The new app promises a more personalized, easy-to-use, and discovery-focused streaming experience.
SiriusXM continues to innovate and expand its distribution agreements with automotive manufacturers and other industry players to enhance its offerings and reach more potential subscribers.
For more information about SiriusXM, visit their website.
SiriusXM has announced the launch of 'Saddest Factory Radio with Phoebe Bridgers,' a monthly show premiering on March 3, 2022, at 6 p.m. ET on SiriusXMU (ch. 35). Bridgers, a GRAMMY-nominated artist and CEO of Saddest Factory Records, aims to create an engaging platform with artist conversations and music from her label's roster, including MUNA and Claud. The show will air on the first Thursday of each month, with encores on Fridays, Saturdays, Sundays, and Tuesdays. This initiative supports the label's commitment to emerging talent, following Bridgers' success with her album 'Punisher.'
SiriusXM has launched a new comedy channel dedicated to the iconic show It's Showtime at the Apollo!, which will air until March 22 on channel 104. The channel features classic stand-up performances from renowned comedians such as Bill Burr, Steve Harvey, and Martin Lawrence, filmed at the legendary Apollo Theater. Jack Vaughn, Senior Vice President of Comedy Programming at SiriusXM, praised the show's influence on modern comedy. Additionally, the content is accessible through the SXM App for subscribers, enhancing SiriusXM's audio entertainment offerings.
Sirius XM Holdings Inc. announced a $2 million donation to the Smithsonian's National Museum of African American History and Culture (NMAAHC) on Feb. 28, 2022. This funding, provided by the company's charitable arm, SiriusXM Cares, aims to support the museum's mission of documenting African American culture and history. In recognition, the museum will name its interactive section SiriusXM Neighborhood Record Store. The museum has welcomed over 7.5 million visitors since its opening in 2016, highlighting its significance as a cultural destination.
SiriusXM announces the launch of a new podcast, Hope Solo Speaks, hosted by World Cup champion goalkeeper Hope Solo, debuting on March 2. The podcast will feature discussions on women's rights, gender equality, and sports trends, with guests from various fields. Episodes will air weekly on the SXM App, Stitcher, Pandora, and SiriusXM FC. The inaugural episode covers the recent equal pay settlement between U.S. Soccer and the U.S. Women's National Team, reflecting Solo's candid thoughts on the matter. The podcast aims to amplify Solo's prominent voice on critical issues.
SiriusXM has partnered with Tinx, a popular creator known for her engaging content, to launch a new podcast titled It's Me, Tinx on February 21, 2022. Tinx will also host a live radio show starting March 16, 2022, allowing fans to interact with her directly. The podcast will be available on various platforms including Stitcher and Pandora. This initiative aims to expand SiriusXM's audio content and tap into Tinx's large fanbase, enhancing listener engagement. SiriusXM's extensive reach is bolstered by its platforms, attracting around 150 million listeners.
SiriusXM will host an exclusive concert featuring Avril Lavigne at The Roxy in Los Angeles on February 25, 2022, as part of the Small Stage Series. This performance coincides with the release of her new album, Love Sux, and will include her hit single "Bite Me". The concert will be available on the SXM App on March 2, 2022. SiriusXM's Small Stage Series aims to connect listeners with premier artists and has previously featured notable performers such as Alicia Keys and Coldplay.
SiriusXM has announced the launch of a new podcast titled Naked Lunch, hosted by Phil Rosenthal and David Wild. Set to debut this spring, the podcast will feature candid conversations with various guest personalities, recorded in an informal setting. Stitcher will support production, while SXM Media will handle exclusive global ad sales rights. This initiative reflects Stitcher's ongoing growth, having ranked #1 in the Triton Digital U.S. Network Report since May 2021. The podcast will be available on major platforms including Stitcher and Pandora.
SiriusXM announces extensive audio coverage for the Daytona 500 on February 20. Subscribers will have access to live race broadcasts, in-car audio, and daily updates from Daytona International Speedway. Coverage includes live broadcasts starting at 7:00 am ET on race day, with interviews post-race. Additional live coverage includes the Bluegreen Vacations Duel and other races leading up to the main event. SiriusXM NASCAR Radio will provide comprehensive analysis and interviews throughout Speedweeks to enhance listener engagement.
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