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 is set to resume live NBA coverage starting July 30, 2020, featuring play-by-play broadcasts of all games, including playoffs and finals. Subscribers with the All Access plan can access games on various platforms, including the SiriusXM app. The season restart involves 22 teams playing eight seeding games until August 14, which will contribute to the final standings. The NBA playoffs will commence on August 17. SiriusXM NBA Radio will provide extensive coverage, featuring expert analysis and post-game shows, enhancing the fan experience during the season.
SiriusXM has partnered with Volkswagen to introduce SiriusXM with 360L in most model year 2021 vehicles. This advanced audio platform will be available in models such as the Arteon, Atlas Cross Sport, Golf GTI, and others equipped with the MIB3 infotainment system. Volkswagen purchasers will receive a three-month trial subscription of SiriusXM’s All Access package. The 360L service offers over 10,000 hours of on-demand content, enhanced sports offerings, and personalized recommendations, enhancing the in-car entertainment experience.
SiriusXM announces its coverage of the 2020 Major League Baseball (MLB) season, starting July 23 with live play-by-play broadcasts of all regular season and postseason games.
Subscribers will enjoy 30 dedicated channels for each MLB team, plus daily analysis on the MLB Network Radio channel. Key opening games include the Nationals vs. Yankees and Giants vs. Dodgers on July 23, and a full slate of 15 games on July 25. SiriusXM reaches over 100 million listeners monthly, enhancing its position as a leader in audio entertainment.
SiriusXM has announced the Just For Laughs Virtual Comedy Festival, scheduled to run from July 20-25, 2020, replacing the live event in Montreal. The festival features two one-hour specials daily across five SiriusXM comedy channels, showcasing renowned comedians like Kevin Hart and Howie Mandel. Listeners can enjoy iconic stand-up tracks and themed programming, including 24/7 coverage on Just For Laughs Canada channel. SiriusXM aims to engage its subscribers with unique virtual content, continuing its commitment to delivering entertainment during these times.
SiriusXM and BMW announced that the SiriusXM with 360L platform will debut in most 2021 BMW models starting in July 2020. This platform combines satellite and streaming content for an enhanced audio experience, offering over 10,000 hours of on-demand content and increased live channel access. BMW owners will receive a 12-month subscription to SiriusXM's All Access package. The service includes personalized content recommendations and the ability to create custom music stations. This partnership aims to elevate in-vehicle entertainment for BMW customers.
SiriusXM has announced that award-winning broadcaster Gayle King will host a new weekly call-in show titled Gayle King In the House. The show will air every Thursday at 5:00 pm ET on SiriusXM Stars channel 109, starting July 16, 2020. King aims to connect with listeners on hot-button issues affecting their lives, including civil unrest and health crises, featuring guest interviews. With her experience at CBS This Morning and O, The Oprah Magazine, King emphasizes the importance of community dialogue in these times. Subscribers can also enjoy promotional offers from SiriusXM.
Sirius XM Holdings Inc. (NASDAQ: SIRI) announced the appointment of Jonelle Procope as an independent member of its Board of Directors. Procope, who has extensive experience in the entertainment industry, currently serves as the President and CEO of the Apollo Theater Foundation. Chairman Gregory B. Maffei expressed confidence in her ability to enhance the company's growth and stockholder value. Procope aims to leverage her expertise to further SiriusXM's success in the audio entertainment sector during a pivotal time for the industry.
SiriusXM plans to release its second quarter 2020 financial and operating results on July 30, 2020. A conference call will be held at 8:00 am ET that day to discuss these results, accessible through the company’s website. SiriusXM, a leading audio entertainment company in the U.S., reaches over 100 million people monthly, through services like Pandora. The PR also mentions potential risks including the impact of the COVID-19 pandemic, loss of Pandora users, and increasing competition.
SiriusXM is launching the exclusive U2 X-Radio channel on July 1, 2020, at 3 p.m. ET, featuring music and discussions centered around the iconic band U2. The channel will celebrate their four-decade career with original programming, including shows hosted by band members and special guests. U2 aims to connect with their audience during this time of social distancing. SiriusXM emphasizes the channel as a unique listener experience filled with insights from U2's history and influences.
SiriusXM announced that Jim Meyer, CEO, will speak at the Credit Suisse 22nd Annual Communications Conference on June 17, 2020, at 10:00 am ET. An audio webcast will be accessible on the Investor Relations section of their website. SiriusXM, the leading audio entertainment company in the U.S., reaches over 100 million monthly listeners through its services, including Pandora. The company is committed to providing quality audio products and connected vehicle services in both the U.S. and Canada.
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