Audio/ Video/ Navigation / Electronics DiscussionDiscuss the Nitro A/V and navigation system here, along with other items such as custom installations, alarms, radar detectors, etc.
I would like to thank you for being a subscriber and for your continued support. As the Chief Executive Officer of SiriusXM, I spend much of my time focused on satellites, programming and employees, which are all very important, but nothing is more important to me than our subscribers. I understand that the primary reason you subscribe to SiriusXM is the unparalleled choice we offer, and since launching over a decade ago, we have continuously expanded the variety and quality of the programming we provide.
And the best is yet to come. We are building an exciting future that includes even more channels, greater diversity, exclusive subscriber benefits and more flexibility in the ways you can listen to SiriusXM.
I hope you understand that to continue bringing this unbeatable listening experience to our subscribers, there will be a modest rate increase of $1.00 to $1.54 per month — about 5 cents a day or less — on most SiriusXM audio packages. This increase will take effect on your next renewal date that occurs on or after January 1, 2012.
Because we know this increase comes during challenging economic times, we have provided some options below that you may want to consider, including several ways you could save:
— Keep what you have now, and your SiriusXM package will continue to offer you incredible value, with channels and channels of commercial-free music, plus sports, news, talk, entertainment and more — all in one place.
— If you’re paying invoice fees, save $2.00 per billing cycle simply by changing to credit or debit card billing. It’s far more convenient and a great way to save.
— Take advantage of our Annual Plan discounts, which are available on most SiriusXM packages and offer you better value because they include a month free (you pay for 11, you get 12). If you switch to an Annual Plan before January 1, 2012, you’ll be billed at the current rates for your first year. Installment billing is available for most Annual Plans.
— Consider upgrading to our All Access package, which gives you all the channels available for your radio, plus access to SiriusXM programming on your computer, smartphone or other mobile device, for a great bundled price. It is our best value.
As we continue to add exciting new content and find more ways for you to enjoy our programming, we will work hard to control costs and create efficiencies to ensure SiriusXM continues to be the best value for your entertainment dollar.
On behalf of everyone at SiriusXM, thank you for your support.
With the new year came an announcement that Sirius XM Satellite Radio struck an interesting deal with Auto Nation . It is a deal that works well for both companies. Auto Nation gets to provide used car buyers with the benefit of three months of satellite radio, and Sirius XM gets a chance to show off its product in the hope that these car buyers will fall in love with and keep the service. In simple terms, any used car sold by participating Auto Nation dealers, regardless of brand, will get a three month promotional subscription to Sirius XM.
Sirius XM is fairly new at the used car game, and until recently, the numbers simply did not stack up to get too aggressive in that segment of the market. However, last summer the company announced similar deals with GM and Nissan that helped pave the way for the company to announce nearly 540,000 subscribers in Q4.
Before going any further, there are a few points that need to be understood by investors:
When the car is sold the consumer gets satellite radio for three months, but is NOT counted in the subscriber numbers of Sirius XM
Only after the three month promotional period can the customer be counted as a subscriber, and only IF they elect to become self-paying
Cars sold in the current quarter are not eligible to become subscribers until the next quarter.
Sirius XM pays a fee to run these promotions, and these fees impact metrics such as EBITDA, and Free Cash Flow and Subscriber Acquisition Costs .
People who do not become subscribers after the promotional period are NOT counted in churn (they were never a subscriber), and not counted as a deactivation.
One true benefit to this type of deal for Sirius XM is that it allows an expensive to install factory radio a second (or perhaps even a third) chance at becoming a paying radio. The big cost of these "used car radios" has been previously absorbed in another previous quarter's, perhaps even years ago. That is not to say that these "used car radios" are free of a subscriber acquisition cost. Any fee paid to Auto Nation will be accounted for in the current quarter's SAC numbers. That is not bad though, and the numbers are substantial enough for it to be worthwhile. Consider these metrics:
In Q3 of 2011 Auto Nation sold about 45,000 used cars.
My research indicates that the "penetration rate" (the number of used cars equipped with satellite radio) is between 40% and 45%.
This would imply that of the 45,000 used cars-- somewhere between 18,000 and 20,000 -- would have been eligible for the Sirius XM program.
Sirius XM has stated that it is seeing a conversion rate (percentage of promotional subscriptions that convert to self-pay) in the used car segment of "the mid 30's".
This would imply that about 19,000 cars would have become non-paid (not counted in the subscriber number) promotional subscribers during that quarter, and that about 6,650 would have converted to full self-paying subscribers the following quarter.
While these numbers may not seem huge, they can begin to tell the story of the used car market. Consider this-- Auto Nation represents a couple of hundred dealerships. The GM deal that Sirius XM inked last summer incorporates over 2,000 dealerships! Thus, in very simple terms, if Auto Nation is delivering almost 7,000 subscribers in a quarter, is it outside the realm of possibility that 2,000 participating dealerships can add 70,000? And we still have not considered the Nissan deal, which likely adds another 500 dealerships to the mix (out of 1,500 dealerships). That would mean the potential from Nissan adds another 17,000 to the mix.
As you can see, the potential of these three deals alone (Auto Nation, GM, and Nissan) is an impressive 94,000 net subscribers each quarter. As Sirius XM signs up more used car dealers, that number will increase.
Given the success of the initial deals (I would estimate that the GM and Nissan deals accounted for 60,000 to 80,000 subscribers in Q4 of 2011), and the fact that Sirius XM announced 3 of them in 2011, I am looking for another 6 to 8 such announcements in 2012. The numbers could grow quickly.
Sirius XM Radio (SIRI), satellite radio company, said it added 540,000 subscribers in Q4, 1.7 mil for 2011, ending with a total 21.9 mil. Shares rose 2%.
Just got off the phone w/ listener care after trying to get the 6 month /$25 deal, which is for existing subs only.
I was told the best deal they have for new radios is: 6 months XM Select for $29.99
Taxes and fees are extra, all in all i paid $35.49 for it, and I'm listening to my radio now. Great deal for me, since I never see any deals for new subs.
NEW YORK — SiriusXM satellite radio plans spring availability of its second-generation universal tuner for connection to aftermarket car audio head units available from multiple aftermarket supplers.
The new SXV200V1 SiriusXM Connect Vehicle Tuner at a suggested $79.99 will deliver the expanded channel lineup of the broadcaster’s 2.0 satellite service and continues to offer the convenience features of its predecessor, including iTunes tagging and ability to pause, rewind and replay up to 30 minutes of live programming. Other features that continue include Song Alert, Artist Alert and Game Alert.
The new and original SiriusXM universal tuner allows for a standardized one-cable connection to head units from multiple suppliers. Previously, installations required addon adapters for different brands of heads and multiple wiring connections.
Suppliers with units compatible with the tuner include Advent, Alpine, Audiovox, Clarion, Dual, Sony, JVC and Kenwood.
__________________
Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
Sirius XM to Celebrate 10 Years of Satellite Radio with Special Bruce Springsteen Concert Event
01 Feb 2012
Sirius XM Radio (NASDAQ:SIRI) will celebrate 10 years of Satellite Radio with a special Bruce Springsteen concert event on March 9th, 2012. Bruce Springsteen and the E Street Band will perform at Harlem’s historic Apollo Theater for the very first time at a special concert event — exclusively for Sirius XM Radio.
We are proud and excited to celebrate ten years of satellite radio with one of the most enduring superstars of popular music, and true friends of SiriusXM, Bruce Springsteen and the E Street Band. Bruce’s music, now more than ever, reflects the attitudes and controversies, and the personal and national conversations of our time. This concert offers our subscribers the opportunity to hear Springsteen and the E Street Band perform in one of the most intimate and historic settings in the world.
– Scott Greenstein, President and Chief Content Officer, SiriusXM
In addition, Sirius XM also announced that in celebration of Satellite Radio’s tenth anniversary, and on behalf of its employees and Bruce Springsteen and the E Street Band, the company will make a contribution to WhyHunger, the non-profit organization founded in 1975 by singer-songwriter Harry Chapin and current executive director Bill Ayres, which fight’s hunger and poverty around the world. Sirius XM Radio’s continuing support of WhyHunger is part of its “Sound of Change” initiative.
Sirius XM (NASDAQ:SIRI) - Bruce Springsteen - Wrecking BallThis special Sirius XM Radio concert celebration with Bruce Springsteen and the E Street Band will be held on Friday, March 9th at 8:00 pm ET, just three days following the release of Springsteen’s highly anticipated, new album Wrecking Ball. Sirius XM will broadcast this exclusive concert live on Bruce Springsteen’s E Street Radio (Sirius and XM channel 20).
Springsteen’s 17th studio album Wrecking Ball was produced by Ron Aniello with Bruce Springsteen and executive producer Jon Landau and features 11 new recordings.
Sirius XM subscribers will have the opportunity to win tickets to the event via listener emails and various call-in promotions on E Street Radio and other Sirius XM channels. Subscribers can also enter for a chance to win tickets by going to Welcome to the world of satellite radio - SiriusXM Radio. Sirius XM host and rock journalist Dave Marsh will also give away one grand prize travel package, which includes four tickets to the concert, a paid trip to New York City, two nights lodging and the opportunity to guest DJ on E Street Radio, during his E Street Radio show, Live From E Street Nation. Official Rules can be found at Welcome to the world of satellite radio - SiriusXM Radio.
Sirius XM’s exclusive E Street Radio channel offers Satellite Radio listeners unprecedented access to the music of Bruce Springsteen and the E Street Band, including rare recordings, exclusive concert broadcasts, insider reports and breaking news.
SiriusXM and NASCAR to Broadcast Races Online and on SiriusXM App
For the first time, SiriusXM will simulcast the SiriusXM NASCAR Radio channel's programming - including all live NASCAR races - online and through the SiriusXM Internet Radio App, SiriusXM broadcasts every NASCAR Sprint Cup Series, NASCAR Nationwide Series
NEW YORK, March 21, 2012 --
Sirius XM Radio (NASDAQ: SIRI) and NASCAR announced today an agreement to simulcast the programming on the SiriusXM NASCAR Radio channel in its entirety – which includes live broadcasts of every national series race, plus daily NASCAR talk – online for SiriusXM subscribers nationwide.
Starting with this weekend's races in Fontana, CA (March 24-25), subscribers who have SiriusXM Internet Radio access can listen to live broadcasts of every NASCAR Sprint Cup Series, NASCAR Nationwide Series and NASCAR Camping World Truck Series race on the SiriusXM NASCAR radio channel through their computers at siriusxm.com and through the SiriusXM Internet Radio App for smartphone and wireless devices.
SiriusXM NASCAR Radio, channel 90, is available to Sirius subscribers, XM Premier (formerly known as "The Best of Sirius") and SiriusXM Premier subscribers.
SiriusXM NASCAR Radio is the only radio channel dedicated to NASCAR racing 24 hours a day, 365 days a year. The channel's daily talk programming will begin simulcasting online on Thursday, March 22. Throughout the season, NASCAR fans get a daily lineup of call-in talk shows that feature up-to-the-moment news, expert analysis and interviews with the biggest names in the sport, plus specials hosted by three-time NASCAR Sprint Cup Series champion Tony Stewart.
"Extending our broadcasting agreement with SiriusXM was a big offseason move for the sport," said Brian France, Chairman and CEO of NASCAR. "A dedicated NASCAR channel is important for our teams, tracks, drivers and sponsors and is crucial for fan engagement and audience growth. Being able to simulcast SiriusXM NASCAR Radio online to subscribers nationwide will allow us additional opportunities to take our product to new fans in new places."
"SiriusXM NASCAR Radio has become a part of many NASCAR fans' daily lives and with so many fans now connecting to their sport through handheld devices, we want to give them an easy way to access the sport they love online and in mobile settings," said Scott Greenstein, SiriusXM's President and Chief Content Officer. "NASCAR is an excellent partner and its programming continues to be a key element in the SiriusXM lineup. We're very pleased to now deliver to our subscribers live coverage of every race broadcast, plus our unparalleled daily talk and analysis, through their computers and mobile devices in addition to their satellite radios."
SiriusXM and NASCAR recently agreed to a five-year extension of their satellite broadcasting agreement. SiriusXM will continue to broadcast every NASCAR Sprint Cup Series, NASCAR Nationwide Series and NASCAR Camping World Truck Series race live nationwide through 2016. Listeners also get daily NASCAR talk and expert analysis 365 days a year on SiriusXM NASCAR Radio, channel 90.
About Sirius XM RadioSirius XM Radio is America's satellite radio company. SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to over 21 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.
SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.
SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.
__________________
Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
Chrysler Group LLC has become the first auto manufacturer to sign on to install in its vehicles the new Sirius XM radios that can carry more Spanish-language channels and other content, the companies said on Thursday.
Sirius XM's new radios are available in stores, but Chrysler is the first company to outfit new vehicles with them. They will be available in Chrysler Ram 1500 trucks and Viper sports cars, the companies said in a statement during the New York International Auto Show.
Chrysler, the No. 3 U.S. automaker, will carry the new radios exclusively for a year. Sirius XM has said it was working with other automakers but no accouchements have been made yet.
The satellite radio provider's main growth comes from its automobile listeners, who sign up for the service after they receive a few months of promotions when buying a car. The company said in February that its radios are installed in 67 percent of new vehicles sold in the United States, up from 62 percent a year earlier.
Sirius XM, which has 21.9 million subscribers, is facing increased competition from Internet radio companies such as Pandora, which car companies such as General Motors are touting in TV advertisements. Pandora said on Thursday it had 51 million active listeners at the end of March.
The satellite radio company is trying to stand out by paying for exclusive content such as Howard Stern's radio show and 19 channels of Spanish-language programming.
Shares of Sirius XM were 4 cents higher at $2.33 while Fiat, which has been running Chrysler since a 2009 bailout deal backed by the U.S. government, saw its shares rise 3 percent in Italy on Thursday.
April 24, 2012 Hyundai Dealers to Offer Three-Month SiriusXM Subscription on Pre-Owned Vehicles with Factory-Installed Satellite Radios
NEW YORK, April 24, 2012 /PRNewswire via COMTEX/ -- Sirius XM Radio SIRI +2.57% and Hyundai Motor America today announced that participating Hyundai dealers will give customers across the United States a three-month SiriusXM subscription when they purchase a pre-owned vehicle, regardless of manufacturer, equipped with satellite radio.
"Hyundai is dedicated to its dealers and customers and this is just one more way for us to go one step beyond by offering customers not only an attractive selection of Certified Hyundai, pre-owned Hyundai and non-Hyundai vehicles, but to include a three-month subscription for SiriusXM," said Jose Froehlich, Manager, Hyundai Certified Pre-Owned, Hyundai Motor America.
"We are proud that Hyundai dealers want to demonstrate SiriusXM for their pre-owned vehicle customers," said Joe Verbrugge, Senior Vice President and General Manager, Automotive Remarketing and Retail Sales, SiriusXM. "By including a three-month SiriusXM subscription, customers buying any pre-owned vehicle from Hyundai can be assured that when they start up their vehicles they are getting best-in-class technology and can enjoy our unparalleled audio entertainment lineup."
Customers purchasing pre-owned vehicles with satellite radio from participating Hyundai dealerships will get automatic access to commercial-free music, and premier sports, news, talk, entertainment plus traffic and weather information delivered by SiriusXM.
Hyundai will continue to offer customers a three-month SiriusXM subscription with the purchase of new and Certified Pre-Owned vehicles that are factory equipped with satellite radio.
Sirius XM Counts Record Subs
by Erik Sass, Wednesday, May 2, 2012
Satellite radio broadcaster Sirius XM has recruited a record number of subscribers, growing 8.3% to 22.3 million for the first quarter. Total revenues jumped from $724 million to $805 million over the same time period, the company revealed in its first-quarter results.
A large part of the company’s growth came from new vehicle sales and vehicle trial subscriptions converting to paying subscriptions, with 45% of all new vehicle owners deciding to convert to paying subscriptions -- the same as first-quarter 2011.
Looking to the future, Sirius XM CEO Mel Karmazin said improving car sales will continue to drive growth for the satellite broadcaster in 2012, projecting total subscriber growth of 1.5 million by the end of the year -- revised upwards from the company’s earlier forecast of 1.3 million net additions.
Subscriber churn, an important measure of the company’s stability, decreased slightly from 2% in 2011 to 1.9% this year, reflecting the increased share of vehicle-based subscriptions, which tend to be less volatile. Karmazin noted that churn decreased despite an increase in the subscription price.
Advertising revenues remain a fairly small part of Sirius XM’s business, growing from $16.6 million in the first quarter of 2011 to $18.7 million this year (remaining stable at 2.3% of total revenues).
Karmazin said the company hopes to woo new subscribers and retain existing ones, with a range of new content and features delivered via satellite and Internet: “We are rolling out more satellite channels via factory-installed 2.0 radios, and we are improving our online offering by delivering even more live sports coverage, updated apps with enhanced features, and later this year, on-demand content and personalized radio.”
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