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 its 'Future Five' artists for 2022, which includes rising stars 42 Dugg, Mae Muller, MARZZ, Morgan Wade, and Wage War. The company continues to emphasize its commitment to music discovery and has successfully supported previous artists like Doja Cat. SiriusXM also welcomed the 'Class of 2021,' featuring artists such as Fousheé and Glass Animals, who achieved major breakthroughs in their careers. With the introduction of new streaming channels, SiriusXM aims to enhance music discovery for its listeners.
SiriusXM has launched Neil Young Radio, a limited-run channel curated by the iconic artist himself, starting December 7, 2021. This new channel coincides with the release of Young's upcoming album, Barn, set for December 10. Listeners will enjoy a comprehensive collection of Young's music, along with exclusive insights, personal stories, and special programs featuring concerts and guest DJs. The channel will be available until January 5, 2022, on the SXM App and via satellite until December 13.
SiriusXM has announced that David Feherty will join the network to launch a new weekly show titled Feherty and Maginnes alongside John Maginnes. The show will air Mondays at 7 pm ET, with a preview episode on December 1, 2021. Feherty, known for his entertaining golf commentary, brings extensive experience from his playing career and past broadcasting roles. SiriusXM aims to enhance its PGA TOUR Radio channel by showcasing engaging storytelling and interviews with golfing personalities. This initiative aligns with SiriusXM's leading position in audio entertainment for North America.
SiriusXM and Pandora have announced the Small Stage Series, featuring exclusive performances from artists like Ed Sheeran, The Go-Go's, and Old Dominion in December 2021. Following 16 previous shows, the series aims to support artists and venues while providing unique experiences for subscribers. Key shows include Sheeran's performance on December 6, The Go-Go's on December 14, and Old Dominion on December 15. SiriusXM will broadcast these performances on various channels, ensuring a blend of unforgettable live music for listeners.
Pandora has collaborated with Baby Einstein to introduce a new kids music station, "Baby Einstein & Friends," featuring customized listening modes on the platform. This initiative offers a personalized experience with two modes: 'Sleep' for calming lullabies, and 'Play' for engaging educational content. The partnership aims to enhance accessibility to Baby Einstein’s musical library, which includes baby-friendly classical music and nursery rhymes. The initiative supports parental engagement and cultural awareness through edutainment content, aligning with the brands' commitment to foster curiosity in young children.
SiriusXM launched a new national marketing campaign for Pandora featuring DJ Khaled, showcasing his enthusiasm for the platform. The initial ad debuted online and will be followed by two others, with TV premieres scheduled for BET's 2021 Soul Train Music Awards on November 28. The campaign emphasizes Pandora's personalized music experience and features Khaled discussing his favorite stations and the new 'Modes' feature that allows users to customize their listening. This campaign aims to enhance brand awareness and engagement through various media channels until year-end.
SiriusXM has unveiled its Artists To Watch 2022 list, featuring The Pandora Ten, a selection of 10 emerging music artists poised for future stardom. The list was curated through advanced data analytics and expert insights, highlighting artists like Amaarae, BIA, Conner Smith, and LISA. Past selections have included major names like Post Malone and Dua Lipa. SiriusXM, known for its extensive reach of 150 million listeners, aims to continue fostering talent through its platform.
SiriusXM announces the launch of ABBA Radio, debuting on November 5, 2021, via satellite on channel 54 and the SXM App. This limited-run channel celebrates ABBA's first new studio album in 40 years, Voyage, also releasing on the same day. The channel will feature classic hits and new music, along with personal insights from ABBA members. Available until November 14 via satellite and December 4 on the app, ABBA Radio aims to engage the group's global fanbase while commemorating their influential music legacy.
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