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.
On September 28, 2021, Pandora, a subsidiary of SiriusXM, launched 'Pandora's Happy Place,' a suite of eight new music stations dedicated to uplifting and feel-good music. This initiative aligns with MRC Data's report, which found that 55% of music listeners desire happier tunes post-pandemic. The 'Happy Place' stations feature songs from top artists like Lizzo and Dua Lipa and include the 'Handpicked 100: Happy Shuffle,' showcasing the 100 happiest songs ever curated by Pandora.
SiriusXM has announced the launch of four new weekly shows on its Urban View channel, starting September 26, 2021. The shows, hosted by influential figures such as Qasim Rashid and Dr. Robin Smith, aim to foster discussions around race relations, culture, business, and social justice. The lineup will also include The Shelly Bell Show and Bigger Than Politics with Shermichael Singleton. This expansion aligns with Urban View's mission to uplift Black voices and engage in important dialogues impacting the African-American community, enhancing the channel's diverse offering.
SiriusXM will provide extensive live coverage of the 43rd Ryder Cup, held from September 24-26 at Whistling Straits, Wisconsin. The broadcast includes 28 hours of hole-by-hole play-by-play, featuring insights from golf legends like Greg Norman and Brian Katrek. Listeners can tune in via SiriusXM channel 92 and the SXM app. The American team, captained by Steve Stricker, aims to reclaim the title lost in 2018. Coverage also includes a celebrity match and a recap show by Fred Couples post-event.
SiriusXM, in partnership with Marvel Entertainment, has launched Marvel Podcasts Unlimited, a premium audio subscription service available on Apple Podcasts. This service offers fans exclusive access to original scripted and unscripted podcasts featuring popular characters like Wolverine and Hawkeye. Priced at $3.99 per month after a seven-day free trial, the subscription allows users to unlock exclusive content such as Marvel's Wastelanders. The new channel aims to expand Marvel's reach globally, available in over 170 countries.
SiriusXM and Pandora have announced that comedian Michael Che will perform a private stand-up show for subscribers on September 24, 2021, at City Winery in Philadelphia. This event is part of the companies' new "Small Stage" series, featuring intimate performances by popular artists. Che is known for his role on Saturday Night Live and has a new HBO Max series in the works. The series launched in August, with other notable artists like Coldplay and Brandi Carlile previously announced.
Sirius XM Holdings Inc. has announced the introduction of new programmatic capabilities for podcast advertising through its combined sales organization, SXM Media. This initiative aims to enhance targeting and streamline campaign management for advertisers, providing access to 44 million podcast listeners across 5,000+ shows. The company also highlights recent acquisitions, such as Roman Mars' 99% Invisible Podcast and a series from Seth Rogen, to bolster its exclusive content offerings. SXM Media seeks to lead in the programmatic podcast space, benefiting both advertisers and creators.
AdsWizz has expanded its agreement with idobi Network, becoming the exclusive global monetization provider for the network's advertising inventory. This partnership allows advertisers access to idobi's target audience, predominantly aged 13-34, through the AdsWizz Marketplace. The collaboration strengthens AdsWizz’s position in the digital audio advertising sector, aimed at enhancing monetization for idobi worldwide. With over 9 billion available impressions monthly, this integration offers advertisers advanced targeting capabilities in key markets across the US and Europe.
SiriusXM is set to deliver extensive coverage for the 2021 NFL season, starting September 9. Subscribers can enjoy live broadcasts for every game on SiriusXM radios and the SXM App, featuring dedicated channels for all 32 NFL teams. The new season will include exclusive shows and a 24/7 SiriusXM NFL Radio channel hosting expert insights and interviews. Notable shows include a weekly Rams-focused program and The SiriusXM Blitz hosted by Brett Favre and Rich Gannon. SiriusXM continues to reach approximately 150 million listeners, reinforcing its presence in the audio entertainment market.
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