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 the new Platinum VIP subscription package, priced at $34.99 per month, offering comprehensive access to over 300 channels across two vehicles and the SXM App. Subscribers will enjoy exclusive perks, including VIP access to events, personalized customer service, and extensive concert recordings via nugs.net. This package provides access to more than 5,000 soundboard-quality live concert recordings and caters to music fans by featuring a plethora of artists. The launch coincides with a rebranding of SiriusXM's subscription tiers for greater clarity.
SiriusXM has declared a quarterly cash dividend of $0.014641 per share, payable on August 30, 2021. Additionally, the Board has authorized an extra $2 billion for stock repurchases, raising the total to $18 billion since 2013. This move aims to enhance shareholder value and reflects confidence in the company's long-term growth. SiriusXM will fund the buybacks through available cash, operational cash flow, and future borrowings, while continuing to invest in programming and strategic opportunities.
Pandora has expanded its 'Billionaires' artist milestone program with the introduction of eight new music stations celebrating top-streamed acts across genres like Pop, Country, Hip Hop, and more. Available now, these stations feature artists who have surpassed one billion streams on Pandora. The initiative aims to enhance user engagement by allowing fans to enjoy music from iconic artists like Jason Aldean and Taylor Swift. The program began in 2018 and will continue to evolve as more artists reach this significant streaming milestone.
Sirius XM Connected Vehicles Service, Inc. (SiriusXM CV) has been awarded the 2020 North American Company of the Year in the telematics industry by Frost & Sullivan. Recognized for its innovative connected vehicle platform, SiriusXM CV offers advanced services like automatic crash notification (ACN+) and enhanced roadside assistance. The ACN+ technology improves emergency response by digitally sharing data with 911, enhancing safety and reliability. SiriusXM CV currently services over 12 million vehicles and continues to expand its offerings, including an in-vehicle payment solution through partnerships with PayTollo and Visa.
SiriusXM will broadcast extensive audio coverage for The 149th Open Championship from July 15-18 at Royal St. George's Golf Club in Kent, England. Subscribers will have access to 46 hours of live coverage on the exclusive 'The Open Radio' channel (SiriusXM channel 92), starting at 2:00 am ET on July 15-16 and 4:00 am ET on July 17-18. The programming includes daily postgame shows hosted by golf experts and highlights from notable champions. SiriusXM holds the broadcast rights through arrangements with The R&A and NBCUniversal.
Pandora announced a virtual concert, Pandora LIVE, featuring Ed Sheeran on July 14, celebrating his new single, "Bad Habits". The event will also feature performances from Tones And I and Maisie Peters. Hosted by Mikey Piff, it includes an interview with Ed. In collaboration with State Farm, a special station called Pandora Live Backstage will launch to provide exclusive content. The event will air on SiriusXM Hits 1 and will have various interactive elements sponsored by brands like Neutrogena and Wendy's.
SiriusXM announced that Megyn Kelly will host a new live talk program, The Megyn Kelly Show, starting September 7, 2021, airing weekdays from 12-2 pm ET on channel 111. This exclusive agreement aims to engage Kelly's audience and expand SiriusXM's political and news programming. Prior to the live launch, best-of shows will air beginning August 16. Subscribers will also have access to video content and a podcast version on various platforms. Kelly's successful podcast demonstrates a strong demand for her content, which aligns with SiriusXM's growth strategy in audio entertainment.
SiriusXM has launched 'Good Vibrations: The Beach Boys Channel', a limited-engagement channel showcasing the band's legendary music from July 1 to August 31. Featuring hits, rarities, and exclusive stories, the channel also anticipates the August 27 release of the extensive box set 'Feel Flows – The Sunflower and Surf's Up Sessions 1969-1971', which includes 135 tracks, 108 of which are unreleased. Subscribers can access the channel on various platforms, enhancing SiriusXM's content offering during the summer.
SiriusXM is launching an 11-part series titled Top of the World: Lessons from Rebuilding the World Trade Center, debuting on July 6, 2021, on Business Radio channel 132. This series chronicles the experiences of key figures involved in the World Trade Center's reconstruction, sharing insights on recovery post-9/11 and the pandemic. Prominent guests include Larry Silverstein and Michael Bloomberg. All episodes will be available on podcast platforms from September 6, 2021. The series aims to reflect on lessons learned and the future of Downtown Manhattan.
On June 29, 2021, MINI USA and SiriusXM announced that SiriusXM's audio entertainment service will now be a standard feature in all 2022 MINI models sold in the United States. Customers purchasing or leasing a new vehicle will receive a complimentary 12-month subscription to SiriusXM's All Access package. This initiative is part of a renewed agreement between SiriusXM and the BMW Group, extending their partnership through 2026. The All Access subscription enables MINI owners to enjoy SiriusXM's extensive programming both in and out of their vehicles.
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