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.
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.
Pandora LIVE Countdown to the GRAMMY Awards will showcase artists Haim, Brittany Howard, and CHIKA on March 11, 2021, at 9:00 PM ET. This virtual event will precede the 63rd GRAMMY Awards airing on March 14. Hosted by Harvey Mason Jr., the event will include performances and discussions. Pandora has also launched GRAMMY Awards Radio, celebrating nominees till March 31. The initiative includes interactive fan experiences, with sponsors enhancing viewer engagement. SiriusXM will re-air performances on various channels from March 12-13.
SiriusXM announced that CEO Jennifer Witz will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, and CFO Sean Sullivan will present at the Deutsche Bank Annual Media, Internet & Telecom Conference on March 9, 2021. The company will release its first quarter 2021 financial results on April 28, 2021, with a conference call scheduled for 8:00 am ET. SiriusXM is a leading audio entertainment company with more than 150 million listeners across its platforms including Pandora.
SiriusXM collaborates with musician Tom Morello to introduce three new streaming channels and a weekly show starting March 2, along with a podcast launching March 3. Morello's channels, Battle Hymns Radio, Heavy Metal Happy Hour Radio, and Riffs, Rhymes, & Rebellion Radio, will feature diverse music intertwining heavy metal and activism. The new content aims to expand SiriusXM's offerings and reach its audience across multiple platforms. The partnership follows the success of Morello's existing show and aligns with SiriusXM’s strategy to enhance its exclusive content portfolio.
On February 16, 2021, SiriusXM announced a partnership with Navy Federal Credit Union to offer qualifying members a three-month trial of its All Access package. This initiative targets Navy Federal members with factory-installed SiriusXM radios, including those with existing auto loans or recent vehicle purchases. After the trial, active duty military and veterans can receive a 25% discount on subscriptions. SiriusXM's All Access package includes a wide variety of content, enhancing the member experience.
SiriusXM is set to provide extensive coverage of the Daytona 500 on February 14, featuring live broadcasts and in-car audio from top NASCAR drivers. The broadcast begins at 7:00 am ET and includes race updates, post-race interviews, and live driver-to-crew communications. Coverage will extend to other events during NASCAR's Speedweeks, including the Busch Clash and various qualifying races. Listeners can tune in via the exclusive SiriusXM NASCAR Radio channel (ch. 90) and the SiriusXM app.
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