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 April 8, 2021, SiriusXM announced that its audio service will be standard in all 2021 model year Jaguar and Land Rover vehicles in the U.S., as part of an extended partnership lasting until 2026. The new agreement will deliver SiriusXM's programming alongside a three-month trial subscription to the SiriusXM All Access package for vehicle owners. This initiative aims to enhance in-vehicle experiences and consolidate their long-standing collaboration, which began in 2004.
Sirius XM Connected Vehicle Services Inc. has launched its services in Mexico through NissanConnect® Services for select 2021 Nissan vehicles. This initiative offers drivers access to safety and convenience features including Automatic Collision Notification and Remote Engine Start/Stop. Customers will enjoy a six-month premium service trial and a five-year subscription to select services. The coverage area includes most of Mexico, supported by Spanish-language call centers. This expansion aims to enhance user experience and facilitate seamless travel across North America.
SiriusXM has launched a new channel called Comedy Classics dedicated to iconic stand-up comedy from the 1950s-1970s. This limited-run channel, available on channel 104, features material from legendary comedians like Bob Hope and Jackie Gleason, as well as rare stand-up highlights. The channel aims to appeal to listeners seeking nostalgia and laughter, showcasing a wealth of talent from a formative era in comedy. It is accessible via the SiriusXM app and smart home devices, enhancing subscriber engagement.
SiriusXM has announced its exclusive audio broadcasting plans for the Masters Tournament, taking place from April 5 to 11, 2021. This marks the company's first year as the exclusive broadcaster, promising extensive coverage including live play-by-play for all four rounds, behind-the-scenes interviews, and expert analysis. Various golf professionals will contribute to the programming, enhancing listener engagement. Subscribers can access this special coverage via SiriusXM radios and the app. Additionally, SiriusXM will air historical specials related to the Masters and cover other associated events.
SiriusXM has launched new artist-branded streaming channels featuring Bob Marley and LL COOL J, expanding its streaming offerings by 26 channels. These channels will explore various genres and themes relevant to the artists and their fans, enhancing the overall music experience for subscribers. Bob Marley's Tuff Gong Radio and LL COOL J's Rock The Bells Radio will focus on Soca, Afrobeats, and classic Hip Hop, respectively. This initiative aims to provide listeners with more choices and enrich SiriusXM's diverse streaming lineup.
SiriusXM is set to launch Disney Hits, a new music channel featuring iconic Disney songs from both classic and contemporary films, on March 25, 2021. Listeners can expect tracks from beloved movies like The Lion King and Frozen 2. The channel will host special hours led by celebrity guest hosts, starting with Sofia Carson on March 26. New themed hours will debut every Monday, with the first focusing on Disney Princesses on March 29. Accessible via SiriusXM radios and their app, the channel aims to enhance subscriber engagement with exclusive content.
SiriusXM and T-Mobile announced a partnership to enhance music streaming for T-Mobile customers. Starting March 23, T-Mobile users will gain exclusive access to a new Pandora experience, offering ad-free radio weekends, curated SiriusXM music stations, and early access to SiriusXM podcasts until March 2022. This collaboration aims to deliver more value to T-Mobile customers, reinforcing the companies' long-standing relationship. The offer is available through the T-Mobile Tuesdays app and includes a rich selection of podcasts across various genres.
Pandora is celebrating Women’s History Month with a virtual event, Pandora LIVE Powered By Women, featuring performances by Gwen Stefani and Jazmine Sullivan on March 30, 2021. Hosted by Hoda Kotb, the event will include a roundtable discussion with artists like Lauren Alaina and Becky G. Listeners can RSVP for free and enjoy a dedicated Pandora station highlighting women in music. The live performances will also air on various SiriusXM channels following the event, bringing attention to female artists and their contributions.
SiriusXM has appointed Greg Norman as the lead analyst for its exclusive play-by-play audio broadcasts of the Masters Tournament, scheduled from April 8-11, 2021. Norman, a World Golf Hall of Fame member, will provide insights alongside announcer Brian Katrek. This broadcast marks the first live play-by-play coverage for SiriusXM following a recent agreement for exclusive rights. Norman, who has an impressive past at the Masters with eight top-5 finishes, expressed excitement about sharing his experience with listeners.
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