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 announced the launch of 88rising Radio, the first all-Asian music channel in the U.S., in collaboration with 88rising, a media company focused on Asian artists. Set to debut on December 3, 2020, at 12 p.m. ET on channel 305, the channel will feature music from Asian artists across various genres. The channel aims to bridge Eastern and Western cultures and includes programming such as Dumb Early and SOSUPERSOUNDS. This initiative reflects SiriusXM's commitment to diverse content and expanding its audience in the rapidly growing Asian music market.
Pandora announced a virtual concert, Pandora LIVE, featuring Carrie Underwood performing her Christmas album, My Gift, on December 8. Hosted by Storme Warren, the event aims to spread holiday cheer and includes discussions about Underwood's family traditions. With over 4.5 billion lifetime streams, Underwood is the top female country artist on Pandora, and her album debuted at #1 across multiple charts, including Billboard Country and Christian. The presenting sponsor is Audi, enhancing the viewing experience with interactive content.
SiriusXM has announced an exclusive channel dedicated to Bob Marley, launching on December 3, 2020. Named Tuff Gong Radio, the channel will feature Marley's complete music catalog, including rare recordings. Curated by Marley's family, it will showcase Caribbean music and highlight influential artists from Marley's legacy, such as The Wailers and I-Threes. Monthly programs hosted by family members will include discussions and reflections on Marley's impact. SiriusXM continues to expand its music offerings through collaborations with iconic artists, enhancing its subscription and digital audio platforms.
SiriusXM is set to launch the SportsGrid Radio Channel on January 7, 2021, providing subscribers with 24/7 access to real-time sports news, statistics, and expert analysis. This new channel will replace the VSiN channel, which will conclude on December 31, 2020. It will feature a lineup of prominent personalities and programs focused on various sports, from football to soccer. The initiative aims to enhance SiriusXM's sports content offering, coinciding with significant sports events in January, as stated by executives from both SportsGrid and SiriusXM.
Pandora has announced that Brandy and Summer Walker will perform at the Pandora LIVE Sounds of Soul virtual event on December 1 at 9:00 PM ET. This event is part of a series showcasing diverse artists and will include an interview with Brandy. Brandy's new album, b7, debuted at #1 on the Independent and Current R&B charts, while Summer's album Over It has received multiple accolades. The event aims to celebrate Black female artists and includes sponsorships that promote social justice initiatives.
SiriusXM launches a new destination for original and popular podcasts, featuring content from Marvel Entertainment and renowned hosts like Kevin Hart. Subscribers can access exclusive podcasts through the SiriusXM app starting today, with a special 'Listen Free' campaign running from November 19 to December 1, 2020, allowing non-subscribers to sample over 300 channels.
The initiative enhances SiriusXM's podcast offerings, solidifying its position as a leading audio entertainment provider in the U.S. The platform is bolstered by recent acquisitions of Stitcher and Simplecast.
SiriusXM has secured a long-term agreement with NBCUniversal News Group, continuing simulcasts for MSNBC, CNBC, and the TODAY Show Radio channel. This partnership enables SiriusXM to be the exclusive advertising representative for NBC News podcasts. The move builds on their previous collaboration and aims to enhance SiriusXM's advertising capabilities in the growing digital audio market. With a reach of over 150 million listeners monthly, SiriusXM positions itself as a leader in podcast monetization and digital audio advertising.
SiriusXM has announced that Jennifer Witz, President and Incoming Chief Executive Officer, will present virtually at the 2020 Liberty Investor Meeting on November 19 at 11:30 AM ET. Interested parties can access the webcast through the Investor Relations section of the company’s website.
SiriusXM is a leading audio entertainment provider in the U.S., with over 150 million listeners via its platforms including Pandora. The company focuses on audio products across music, sports, talk, and podcasts.
SiriusXM will provide comprehensive audio coverage of the 2020 Masters Tournament at Augusta National from November 12 to 15. Subscribers can enjoy live broadcasts, exclusive shows hosted by Masters champions, and historical audio archives. Each day features hole-by-hole commentary, starting at 1:00 pm ET on Thursday and Friday. A special Masters history program hosted by David Marr III will debut on November 9. SiriusXM programming includes pre-round shows, interviews with golf legends, and post-round discussions, all accessible via SiriusXM radios and the mobile app.
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