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 launched its largest national advertising campaign titled "The Home of SiriusXM," showcasing a vibrant array of programming and celebrity talent on its platform. The campaign features six humorous ads featuring stars like Kevin Hart, LL COOL J, and Bebe Rexha, airing across multiple media channels including TV and digital platforms. The ads emphasize SiriusXM's diverse content available on various devices, encouraging listeners to engage with its programming beyond just the car. This initiative is part of a broader strategy to attract a new generation of listeners.
SiriusXM has announced the return of Coldplay Radio, available through the SXM App until November 1. This exclusive channel will showcase music from Coldplay's catalog, leading up to their new album Music Of The Spheres, set for release on October 15. Coldplay will also perform at the Apollo Theater on September 23 as part of SiriusXM's Small Stage Series, marking their first performance since the pandemic. The channel will also take over channel 28 from October 15-17 to celebrate the album's launch.
Stitcher, a top podcast company and SiriusXM subsidiary, unveiled the trailer for its new podcast series, Storytime with Seth Rogen, set to launch on October 6. The series will feature special guests sharing personal stories, showcasing an array of experiences from celebrities. Stitcher, ranked #1 by Triton Digital for May through July 2021, continues to expand its content under the Earwolf comedy network. Seth Rogen's podcast promises high engagement with listeners, tapping into his extensive popularity.
SiriusXM announced key presentations by its leadership at upcoming investor conferences. CEO Jennifer Witz will speak at the Bank of America Media, Communications & Entertainment Conference on September 13 at 10:20 am ET. CFO Sean Sullivan is scheduled for the Goldman Sachs 30th Annual Communacopia Conference on September 22 at 11:20 am ET. Audio webcasts will be available on the company’s Investor Relations page.
Maxar Technologies (NYSE:MAXR) has received an order from SiriusXM (NASDAQ:SIRI) to build the SXM-10 geostationary communications satellite. This follows the recent order for the SXM-9 satellite. The new satellite will be constructed on Maxar's proven 1300-class platform in its Palo Alto, California, facility. Maxar has a long-standing relationship with SiriusXM, having built satellites for the company for over two decades, including multiple generations of satellites.
SiriusXM has launched TikTok Radio (ch. 4), a new full-time music channel showcasing trending sounds from the TikTok platform. Available starting August 20, 2021, at Noon ET, the channel features unique music experiences presented by TikTok creators, artists, DJs, and tastemakers. The inaugural week includes a special "Creator Invasion" series with appearances from popular TikTok personalities and musicians. Additionally, listeners can enjoy the weekly "TikTok Radio Trending Ten" countdown starting Fridays at 3 p.m. ET, highlighting the top trending songs on TikTok.
Ram Truck brand has launched the Ram BandVan Back To Live Tour, in partnership with SiriusXM and Pandora, to support emerging artists as they return to live touring. The initiative provides ProMaster vans to at least five bands, enabling them to reconnect with fans. The tour begins with the opening act, Radkey, during the Foo Fighters' 2021 summer tour. This initiative follows the recent Ram ad campaign featuring Dave Grohl and aims to document the artists' journeys. The Ram vans will be equipped with SiriusXM for an enhanced travel experience.
SiriusXM and Pandora have launched the Small Stage Series, featuring exclusive live performances from top artists across various genres in intimate venues. Kicking off on August 19 with performances by Dave Matthews and Kane Brown, the series aims to provide SiriusXM subscribers and Pandora listeners unique experiences post-pandemic. Notable acts include Brandi Carlile, Coldplay, and H.E.R., with health protocols in place. SiriusXM, the leading audio entertainment company in North America, reaches approximately 150 million listeners and offers diverse programming through multiple platforms.
Maxar Technologies (NYSE:MAXR) has announced the manufacturing of a new geostationary communications satellite, SXM-9, for its long-term client SiriusXM. The satellite will utilize Maxar's reliable 1300-class platform and is set for launch in 2024. This partnership continues a relationship that began in 2000, including successful satellite launches in the years since. Maxar remains a key player in the space infrastructure and Earth Intelligence sectors, focusing on innovative solutions and customer service.
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