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 and Raymarine have launched the SiriusXM Fish Mapping service, now available on Raymarine's Axiom displays. This service aids saltwater anglers in locating fish efficiently, ultimately saving fuel. It utilizes the SR200 SiriusXM Satellite Weather receiver and Raymarine's LightHouse 4 OS to provide real-time fishing data, including plankton concentrations and sea surface temperatures. The service is accessible via a monthly subscription of $99.99, with a free month trial available. A $100 rebate is also offered for new SR200 purchases.
SiriusXM announced its plans to release first quarter 2022 financial results on April 28, 2022, at 8:00 am ET. The conference call will be available for investors and the press on the company's website. SiriusXM is the leading audio entertainment company in North America, reaching approximately 150 million listeners across various platforms. The company emphasizes its digital audio audience, including its subsidiary Pandora, which is the largest ad-supported audio streaming service in the U.S.
SiriusXM announced expanded broadcast plans for the Masters Tournament from April 2-10, 2022. This includes the first-ever live radio broadcasts of the Augusta National Women's Amateur and the Masters Par 3 Contest. Notable broadcasters joining the team include Mike Tirico, Curtis Strange, Steve Melnyk, and Suzy Whaley. Live coverage of the Tournament will run daily from April 7-10, starting at 2 pm ET. Additionally, various specials and pre- and post-round coverage will be available throughout the week, enhancing the listener experience for golf fans.
SiriusXM is set to launch the exclusive channel Whole Lotta Red Hot on April 1, featuring the iconic band Red Hot Chili Peppers. This channel will coincide with the release of their new album, Unlimited Love, and will include exclusive commentary from the band. Subscribers will enjoy a curated selection of music from the band's extensive career, as well as monthly classic live concert broadcasts. In a special event, the band will perform at the Apollo Theater later this year for SiriusXM subscribers and Pandora listeners.
SiriusXM has launched a new streaming channel dedicated to the Freakonomics Radio Network, making it the first channel solely for a podcast. Available through the SXM App, this channel features curated episodes from the hit Freakonomics Radio podcast and selections from other shows like No Stupid Questions and Freakonomics, M.D.. The channel showcases over 500 episodes, including classics and new programs. Freakonomics Radio continues to grow rapidly, setting a listenership record of over 10 million monthly listeners.
SiriusXM has announced a multi-platform agreement with Crooked Media, granting SXM Media exclusive global advertising rights for Crooked's popular podcasts, including Pod Save America and Lovett or Leave It. This agreement, effective May 2022, extends through the 2024 election cycle, allowing SiriusXM to leverage its 32 million subscribers to expand the audience for these podcasts. Crooked Media will maintain editorial control and aims to invest in new shows, enhancing its podcast offerings which currently generate over 21 million monthly downloads.
SiriusXM has announced the launch of Basic!, a new podcast series hosted by Doug Herzog and Jen Chaney, debuting on May 18. The show will explore the transformation of cable television, featuring interviews with notable guests such as Jimmy Kimmel and Amy Schumer. Basic! aims to highlight the significant impact of cable TV on American pop culture over the past 40 years. Episodes will be available on various platforms, including SiriusXM's Volume channel, as well as streaming services like Stitcher and Pandora.
SiriusXM has announced the addition of prominent sports broadcasters Mike Tirico, Curtis Strange, Suzy Whaley, and Steve Melnyk to its team for the 2022 Masters Tournament, occurring from April 7-10. Tirico will serve as the lead play-by-play voice, while Strange and Melnyk will provide analysis. Whaley joins as an on-course reporter and analyst for the Augusta National Women's Amateur. This enhanced team aims to deliver high-quality coverage of the highly anticipated event, highlighting SiriusXM's commitment to providing top-notch sports broadcast experiences.
SiriusXM announces the launch of a new audio docu-series, Concerts of Change: The Soundtrack of Human Rights, hosted by Bob Crawford from The Avett Brothers. The series will debut on March 22 and delve into the influential benefit concerts of the 1970s to 1990s, featuring interviews with notable figures such as Bono and George W. Bush. The show aims to highlight how music and activism shaped human rights discussions, airing bi-weekly on SiriusXM's Volume channel 106 with bonus content available on the SXM App.
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