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Discussion Starter #181
Sirius Exceeds 2014 Profit Expectations

Sirius Exceeds 2014 Profit Expectations; Gained Additional 1.8M New Customers
Jan 24, 2015

U.S. satellite radio service provider Sirius XM Holdings said an additional 1.8 million consumers have signed up for its services in 2014. This total was 300,000 more subscribers than it anticipated.

Sirius also said it has plans of exceeding the US$4.15 billion revenue forecast it made last year, seeing there has been 300,000 more subscribers.


It expects 1.2 million more subscribers by the end of 2015. Sirius said it could earn around US$4.4 billion before the year ends.

The total number of Sirius XM Holdings customers reached 27.3 million at the end of 2014. Aside from this, there were also 1.44 million self-pay additions last year, a total that exceeded the company's expectations. Sirius only forecast 1.25 million.


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Discussion Starter #182
Sirius-XM: Pay-radio breaks all records

Sirius-XM: Pay-radio breaks all records

02/06/2015

US-based pay-radio broadcaster Sirius-XM has reported record revenue and subscriber numbers. CEO James Meyer told analysts that 2014 provided excellent performance on all fronts.

“In 2014, we originally projected that we will grow our subscriber base by 1.25 million, but we actually delivered growth of 1.75 million net new subscribers in 2014, ending the year with 27.3 million paying subs, making us one of the largest subscription media companies in the world. We added over 0.5 million in the fourth quarter alone, which incidentally marked the biggest Q4 we have ever recorded since 2007,” said Meyer.

Sirius-XM’s revenues grew 10 per cent to almost $4.2 billion in 2014, and EBITDA grew 26 per cent to almost $1.5 billion. “Once again we have beaten all of the guidance we gave you for 2014,” added Meyer.

The broadcaster said that new and used car sales reached record levels in the US last year which helped propel subscriptions. “The year is early and we have 11 months to go, but we are off to a good start,” said Meyer.

As to the future Meyer said “We have major efforts that are now well-underway to avail ourselves of the enhanced capabilities of connected vehicles to supplement our satellite network. And this work will be the next step in solidifying our competitive advantages. The joining of our IP and satellite technologies will let us offer more features to subscribers and will help us better understand and manage our customer relationship with them.”


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Discussion Starter #183
Sirius XM lawsuit accuses Cleveland Company

Sirius XM lawsuit accuses Cleveland company of attempting to steal information from its customers

April 10, 2015


The satellite radio provider says that National Sales Partners LLC has been posing as SiriusXM, with the help of a phone number that is almost identical to SiriusXM’s customer service number.

When customers call that number by accident, the Cleveland company allegedly claims to be SiriusXM and tries to obtain credit card numbers and other personal information.


In response, the New York-based company filed a lawsuit against unknown defendants in February. However, since then, it has named three defendants: the company and two individuals: Camielle Dakclowz (also known as Camille Dakdouk) and Mike Jess.

The National Sales Partners website describes the company as a “lead generation” business. The company is based at 600 Superior Ave. East, Fifth Third Center, according to filings related to the lawsuit.

When Crain’s dialed the phone number listed on the website (855-CALL-NSP), we were put in touch with someone who said, instead of reaching National Sales Partners, we had reached a call center that isn’t based it Cleveland. He said he could not put us in touch with the company.

In the suit, SiriusXM claims that its own employees on multiple occasions have dialed 800-539-SIRIUS only to reach someone claiming to work for the satellite radio company, which uses an 888 number.

In one instance, a SiriusXM employee called the 800 number and was reportedly told “that SiriusXM’s customer service number was disconnected and that, for the trouble, she had won a $100 Wal-Mart gift card,” the lawsuit states. The person on the other line then tried “to collect personal information from the employee,” the suit states.

Customers have allegedly complained about getting similar responses when they call the 800 number, the lawsuit states. When Crain’s called the 800 number, a recording stated that it is no longer in service.

The lawsuit was filed in the U.S. District Court’s Southern District of New York.
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Discussion Starter #184
SiriusXM: Coverage for 2015 NBA Playoffs

SiriusXM Announces Coverage for 2015 NBA Playoffs

Apr 16, 2015


Listeners nationwide get live play-by-play of every playoff game plus daily talk and analysis on SiriusXM NBA Radio

NEW YORK, April 16, 2015 /PRNewswire/ --

SiriusXM will offer comprehensive coverage of the 2015 NBA Playoffs, featuring live play-by-play of every game, plus daily programming on the SiriusXM NBA Radio channel.

Throughout the playoffs, which will tip off on Saturday, April 18, subscribers will get live play-by-play broadcasts of every postseason game through the Finals on their satellite radios, on the SiriusXM app, and online at SiriusXM.com. Visit Live Sports Schedules - NBA - SiriusXM Radio for channel listings.

Between games, SiriusXM NBA Radio (Sirius channel 207, XM channel 86 and on the SiriusXM app) will offer fans the best daily talk and analysis available on radio. The channel's roster of analysts features several former players and coaches including Mike Dunleavy, Sr., Malik Rose, Nancy Lieberman, Stacey King, Eddie Johnson, Antonio Davis, Jerry Stackhouse, Vinny Del Negro, Rick Mahorn, Brian Scalabrine and Mateen Cleaves.

On Friday, April 17, the day before the postseason tips off, listeners can tune in to a special NBA Playoff Preview show, airing from 6:00 to 8:00 pm ET. Hosts Malik Rose, Eddie Johnson, Frank Isola, Mitch Lawrence and Brian Geltzeiler will break down every series and pick their favorites to win each round.

Starting on Monday, April 20, SiriusXM NBA Radio will offer a special post game show airing immediately after the last game of the night. A rotating group of hosts - that will include Malik Rose, Eddie Johnson, Gerald Brown, Howie Cowart, Joel Meyers and Brian Geltzeiler - will recap the night's results and invite fans around the country to call in to the show to react to the games.

"As we approach what will be one of the most anticipated and competitive NBA postseasons in years, we're excited to deliver to our subscribers the most comprehensive NBA programming available on radio," said Scott Greenstein, SiriusXM's President and Chief Content Officer. "With live access to every game and exclusive analysis from a remarkable roster of talent on SiriusXM NBA Radio, our listeners get an extraordinary level of coverage, in their cars, at home or on their mobile devices."

In addition, during the lead-up to the 2015 NBA Finals, SiriusXM On Demand will feature a collection of classic NBA championship games. Starting on May 11, subscribers will have access to the full play-by-play broadcasts of the deciding games from several series dating back to the 1990s. Listeners will be able to re-experience memorable NBA moments that include Michael Jordan's game-winner against the Utah Jazz in 1998, LeBron James' first NBA Championship with the Miami Heat, the Lakers-Celtics Game 7 in 2010, and more.

SiriusXM NBA Radio brings fans closer to the game with 24 hour coverage of the sport, 365 days a year. The channel showcases a daily schedule of NBA-focused news and talk, expert analysis, and interviews with the biggest names in the game. Follow the channel on Twitter @SiriusXMNBA.
 

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Discussion Starter #185
Appeals Court Agrees to Review SiriusXM's Challenge

April 15, 2015
Appeals Court Agrees to Review SiriusXM's Challenge Over Pre-1972 Music

The 2nd Circuit will take up the issue of whether New York protects the public performance of older songs — and whether that violates the U.S. Constitution.

SiriusXM's warning to a federal appeals court that broadcasters might pull all pre-1972 sound recordings from the airwaves has paid off. On Wednesday, the satellite radio giant got the 2nd Circuit to grant its petition for a review just as lawmakers get set to take up the issue as well.


When Congress amended copyright law in the 1970s, only sound recordings authored after 1972 were given protection.

In a series of lawsuits beginning in 2013, the owners of pre-'72 songs looked to state misappropriation and unfair competition laws to do something about those, like SiriusXM and Pandora, that were publicly performing their works. Although free radio airplay has been comfortably assumed for quite some time, California and New York judges have recently given legal victories to those owners of sound recordings who are suing.

SiriusXM aimed to appeal New York federal judge Colleen McMahon's decision last November denying its summary judgment motion in a lawsuit brought by Flo & Eddie of The Turtles. In her opinion, the judge addressed whether New York law protected public performance and wrote that "acquiescence by participants in the recording industry in a status quo where recording artists and producers were not paid royalties while songwriters were does not show that they lacked an enforceable right under the common law — only that they failed to act on it."

The consequences were big and not just because Sirius XM has spent years broadcasting millions of older songs without paying royalties specifically for such tunes.

As SiriusXM told the 2nd Circuit in its attempt to get a higher authority, "Absent immediate review, the district court's ruling leaves SiriusXM and other broadcasters with tremendous uncertainty, faced with a choice between stopping the broadcast of pre-1972 recordings to the public's detriment; submitting to shotgun negotiations with sound recording owners; or facing massive liability as this case and others wend their way through the courts."

SiriusXM is presenting two questions to the 2nd Circuit.

First, "Under New York law, do the holders of common law copyrights in pre-1972 sound recordings have, as part of the bundle of rights attendant to their copyright, the right to exclusive public performance?"

Flo & Eddie, as well as all the big labels, contend the answer is "yes" because state legislatures had opportunities for carving out public performance from the "exclusive rights" enjoyed by pre-72 owners — yet they didn't. SiriusXM, in turn, argues "no" because there's been a lack of case law supporting the proposition. It also argues that a performance right can only be created legislatively.

Second, "Does the Dormant Commerce Clause prohibit the State of New York from enforcing a property right that it recognizes at common law?"

If the Supreme Court ever gets involved in this issue, it might be here. Although SiriusXM spends less time on this issue in its brief, it could have been an important consideration in why the 2nd Circuit is taking up a review rather than kicking it to a state appeals court. Essentially, SiriusXM lawyers Daniel Petrocelli and Robert Schwartz are arguing that it broadcasts to millions of subscribers across the country and that the "practical effect of applying a New York performance right to SiriusXM would thus be to require SiriusXM to comply with New York law nationwide."

A schedule on when the arguments take place will come soon. Meanwhile, Jerrold Nadler (D-NY), Marsha Blackburn (R-TN), John Conyers Jr. (D-MI), and Ted Deutch (D-FL) introduced on Monday the "Fair Play Fair Pay Act," which among other things, would establish a public performance right under federal law for recordings made before 1972.
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Discussion Starter #186
Vermonters have until May 1, 2015 to apply for Sirius XM refund

Vermonters have until May 1, 2015 to apply for Sirius XM refund

04/22/2015

Over 110,000 Vermonters may be eligible for a refund of Sirius XM satellite radio charges from between July 28, 2008, and December 4, 2014, if they file a complaint by May 1, 2015. The average consumer refund is $95. Consumers must file the complaint forms found here (link is external), showing a loss that has not already been resolved by Sirius XM. Complaints should be sent to: Sirius XM, PO Box 33059, Detroit MI 48232-5059. Consumers are advised to keep a copy of their completed complaint forms.

The refunds are a result of the December 4, 2014, settlement between Sirius XM and Vermont, 44 other states, and the District of Columbia. The settlement (link is external) resolved claims that the satellite radio company engaged in misleading advertising and billing practices. Complaints against Sirius XM involved unauthorized fees, failure to provide timely refunds, contracts that automatically renewed without consumers’ consent, misrepresentations that customers’ services would be canceled and not renewed, and difficulty cancelling contracts. The settlement requires Sirius XM to change several of its business practices and disclosures and to refund consumers who lost money due to their practices.

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Discussion Starter #188
SiriusXM Canada's pre-owned vehicle program

OpenRoad Auto Group joins SiriusXM Canada's pre-owned vehicle program

Vancouver-based dealer group now offering complimentary three-month SiriusXM subscriptions with all pre-owned vehicle purchases equipped with satellite radio.

TORONTO, June 4, 2015 /CNW/ -

SiriusXM Canada (TSX: XSR), the country's leading audio entertainment company, today announced that OpenRoad Auto Group has joined its pre-owned vehicle program. The program helps participating dealerships better market their inventory by offering a complimentary three-month SiriusXM subscription with any purchase of a pre-owned vehicle equipped with a satellite radio.

"Partnering with OpenRoad is another step in the progress we are making with the pre-owned vehicle market," said James Byun, Vice President, OEM, SiriusXM Canada. "Everyone can benefit through our pre-owned program. Dealerships can offer additional customer value, the overall in-vehicle experience is enhanced and SiriusXM is able to deliver our leading content to more Canadians. We are excited to be working with OpenRoad and partner our unmatched entertainment with OpenRoad's exceptional service to deliver a wonderful overall customer experience."

With 15 locations across British Columbia, OpenRoad Auto Group has become one of the largest and fastest growing automotive retail groups in Canada since it began operations in 2000.

"At OpenRoad, we strive to take our customer experience to the next level, whether they're purchasing or servicing their vehicle, or enjoying the benefits of the Club OpenRoad loyalty program," said Mark Lin, Vice-President OpenRoad Auto Group. "Partnering with SiriusXM Canada for this exciting program demonstrates our ongoing commitment to offering a superior customer experience. We can now provide our pre-owned vehicle customers with an enhanced in-car entertainment experience that they are sure to enjoy."

SiriusXM Canada's pre-owned vehicle program enables the company to better target Canada's large pre-owned vehicle market. The company estimates that by the end of fiscal 2015, there will be more than seven million satellite radio equipped vehicles, including both new and pre-owned, across Canada.

Automotive dealers interested in participating in SiriusXM's pre-owned vehicle program can obtain additional information at: SiriusXM Pre-Owned Vehicle Program.
 

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Discussion Starter #189
SiriusXM Satellite Radio

SiriusXM Satellite Radio
 

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Discussion Starter #190
Sirius XM Is About to Shake Things Up

Sirius XM Is About to Shake Things Up
The satellite radio provider is replacing some of its channels and relocating others.


08/12/2015

Sirius XM Radio subscribers will be in for some heavy duty changes when they crank up their satellite radio receivers tomorrow. Sirius XM is moving several channels around and adding some new options.

Some of the incoming channels include Velvet (contemporary pop), SiriusXM Fly (retro hip-hop and R&B), Limited Engagement (a new hub for the steady flow of limited-run stations), and a new channel devoted to comedy greats. Many existing stations will also relocate to new channel numbers.

But Sirius XM is also making room for some of these new offerings by eliminating some of the current channels. Escape -- the easy listening music channel -- joins C-SPAN, SiriusXM Indie, and several Latino channels on the way out of the receiver-based offering.

There will be some grumbling. We tend to know only what we will have to go without instead of the enjoyment we will receive from the new ear candy. But Sirius XM has survived and even thrived through similar channel shakeups in the past. It will do so again.


SOURCE

We're also making some adjustments to our lineup including renaming some channels and moving others to a different number or category. Please visit siriusxm.com/channelupdate for more information and to create and download a new customized channel guide.
 

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Discussion Starter #191
SiriusXM Launches New Music Channels

SiriusXM Launches New Music Channels
New, expertly-curated Pop, Rock and Hip-Hop/R&B music channels launch on August 13


NEW YORK, Aug. 13, 2015 /PRNewswire/ --

SiriusXM announced today that it has launched four new music channels that will further expand the range and depth of the company's industry leading line-up of commercial-free music channels.

The new channels will feature expertly-curated music in the Pop, Rock and Hip-Hop/R&B genres.

The introduction of these innovative new channels is consistent with SiriusXM's track record of developing unique formats not heard on traditional broadcast radio, such as The Coffee House, Lithium, Chill, Pop2k, Y2Kountry and Faction.

"Our lineup of commercial-free music channels continues to evolve to meet the changing tastes of our growing subscriber base and to satisfy the next generation of core subscribers," said Steve Blatter, Senior Vice President and General Manager, Music Programming, SiriusXM. "Building on our success at delivering an unmatched curated listening experience, several of the new channels feature music and artists from a period when many of our subscribers first connected with this music. These new and innovative radio formats make our broad range of music channels stronger than ever."

Velvet (channel 13): Today's top contemporary pop vocalists showcasing artists like Adele, Beyoncé, Sam Smith, Idina Menzel, John Legend and Adam Lambert. Velvet will launch with special guest DJ sessions with Idina Menzel, Josh Groban and Adam Lambert.

FLY (channel 47): Hip-Hop and R&B from the '90s and 2000s featuring artists like Jay-Z, Destiny's Child, Outkast, Mary J. Blige, P. Diddy and Missy Elliot. Fly will launch with a special guest DJ sessions hosted by R. Kelly, Warren G. and Nelly.

Turbo (channel 314): Hard Rock music from the '90s and 2000s featuring artists such as Linkin Park, Korn, Papa Roach, Godsmack and System Of A Down.

Poptropolis (channel 300): Pop hits from the '80s through 2000s featuring artists such as Michael Jackson, Madonna, George Michael, Alanis Morissette, Pink and Kelly Clarkson.

Additionally, SiriusXM will launch Limited Edition, channel 18, on August 13—which will be the home for SiriusXM's exclusive, limited-run channels. SiriusXM's Road Trip Radio, the limited-run channel featuring summer driving tunes—a mix of music from all genres and eras—will be available on SiriusXM's Limited Edition beginning August 13.

The channels, available on satellite will also be available through the SiriusXM Internet Radio App on smartphones and other connected devices, as well as online at siriusxm.com.

For more information on SiriusXM, please visit Welcome to the world of satellite radio - SiriusXM Radio.
 

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Discussion Starter #192
Chance to be the Grand Prize Winner



09/08/2015

As a valued SiriusXM listener, we wanted to make sure you knew about this great sweepstakes. You'll want to enter for your chance to be the Grand Prize Winner and take home a brand new 2015 Ford Mustang GT! And it gets even better — The Grand Prize Winner will then have the additional opportunity to win a one million dollar prize!!

To enter, fill out our online entry form and submit it before 3am ET, October 12, 2015. All winners must be at least 21 years of age at time of entry.


https://www.siriusxm.com/ford
 

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Discussion Starter #193
Five more years of Howard Stern

Five more years of Howard Stern on Sirius/XM guaranteed

December 15, 2015



Yet again, Howard Stern spent weeks kvetching about renewing his contract with Sirius/XM. It had become like a ritual, a way for Stern to vent and complain before doing what he has always done: sign up again to stay on the radio.

But with Stern stepping down this year from “America’s Got Talent” after four seasons, it was widely expected he’d re-up.

Stern is 61. Assuming he will retire at the end of 2020, he will be 66 then.

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Discussion Starter #194
New Commander Touch Aftermarket Satellite Radio

SiriusXM Introduces SiriusXM Commander Touch™




- The first SiriusXM touchscreen radio designed to integrate into the vehicle without the need to replace the factory-installed radio

- The easy to operate SiriusXM Commander Touch is packed with the latest satellite radio technology and designed to be easy to operate with simple tap and swipe gestures


SiriusXM Commander Touch includes a flush mount kit to allow for custom integration into the vehicle

SiriusXM Commander Touch: All new satellite radio designed to seamlessly integrate into the vehicle





NEW YORK, Jan. 4, 2016

SiriusXM today announced the introduction of the new SiriusXM Commander Touch, its latest aftermarket satellite radio that lets listeners enjoy SiriusXM through the in-dash audio system of their vehicles.

"SiriusXM Commander Touch gives drivers who want SiriusXM in their vehicle an innovative solution for installation without replacing their vehicle's factory-installed radio," said Joe Verbrugge, Executive Vice President, Sales and Development, SiriusXM. "The Commander Touch integrates seamlessly into the vehicle, giving drivers and their passengers access to the best entertainment available on the road."

The easy to operate SiriusXM Commander Touch is designed to deliver the best SiriusXM listening experience to customers, including commercial-free music; plus, premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming.

The Commander Touch includes everything needed for a professional installation. The compact touchscreen color display can mount safely just about anywhere in the vehicle for the driver's convenience, and the hideaway tuner can be installed behind the vehicle's dashboard with concealed wiring. For a more custom look, a professional installer can use the included flush mounting kit to integrate into the vehicle's dash.

SiriusXM Commander Touch was selected as a CES Innovation Honoree reflecting its innovative design and engineering and offers listeners an impressive list of features and capabilities, including:

Compact touchscreen controller is only 4.1"W x 1.7" H x 0.5" D and mounts directly to the vehicle dash. The tuner module hides discreetly behind the dash for a fully integrated look.
Enjoy SiriusXM through the vehicle's factory radio via FM or AUX audio input.
Replay™ allows listeners to pause, rewind and replay up to 60 minutes of live satellite radio, in addition to buffering all 18 of the listener's preset channels with 30 minutes of content.
Use TuneMix™ to hear a mix of songs from your favorite channels.
Automatically start songs from the beginning on your favorite channels with TuneStart™.
Keep moving with the most current updates using Traffic & Weather Now™.
Album art and channel logos displayed on the compact color screen provide listeners with quick information at a glance.
Innovative Delayed Off mode automatically pauses while drivers make short stops up to 30 min, so when they stop and get coffee or refuel their vehicle they will pick up right where they left off.

Commander Touch can easily be updated to add new features and capabilities as they become available. For more information, please visit SiriusXM Commander Touch? - Shop - SiriusXM Radio.

In addition, the "Never Miss a Beat" offer gives customers who purchase the SiriusXM Commander Touch and call SiriusXM, the first three-months of the SiriusXM All Access subscription that delivers every satellite radio channel available, as well as access to programming beyond the vehicle on smartphones and other connected devices, and at https://player.siriusxm.com. For offer details, please visit Welcome to the world of satellite radio - SiriusXM Radio.

SiriusXM Commander Touch gives SiriusXM subscribers everything needed to listen to satellite radio in the vehicle and is available now at retail locations and online stores nationwide, including Best Buy, Crutchfield: Car Stereo, Speakers, Home Theater, Pro Audio, 4k TV, Store Home - Shop - SiriusXM Radio, as well as independent retailers and expeditors from coast-to-coast at an MSRP of $129.99.

Commander Touch and other SiriusXM products will be on display during the 2016 International CES in the Voxx International Booth #10417 in the Central Hall of the Las Vegas Convention Center, January 6-9, 2016.

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio broadcaster measured by revenue and has 29 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company in the U.S. and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers in cars, trucks, and RVs through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers critical weather, data and information services to aircraft and boats through SiriusXM Aviation, SiriusXM Marine™, Sirius Marine Weather, XMWX Aviation™, XMWX Weather, and XMWX Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has more than 2.6 million subscribers. SiriusXM is also a leading provider of connected vehicles services to major automakers, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.



This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our competitive position versus other radio and audio service providers; our ability to attract and retain subscribers, which is uncertain; our dependence upon the auto industry; general economic conditions; changes in consumer protection laws and their enforcement; the security of the personal information about our customers; other existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; royalties we pay for music rights, which increase over time; the unfavorable outcome of pending or future litigation; our failure to realize benefits of acquisitions or other strategic initiatives; rapid technological and industry changes; failure of third parties to perform; failure to comply with FCC requirements; modifications to our business plans; our indebtedness; and our principal stockholder has significant influence over our management and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2014, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (U.S. Securities and Exchange Commission | Homepage). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

Source: SiriusXM
 

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How Sirius XM Aims to Double -- or Triple

How Sirius XM Aims to Double -- or Triple -- This Important Part of Its Business

Wednesday, March 9, 2016



Subscriber growth at Sirius XM rang in at more than 8% in 2015, almost double what the company had expected, and made for the highest net growth since Sirius and XM merged in 2008. That's good news for Sirius and its investors at a time when the satellite radio service is making some important transitions.

One of the shifts that will play prominently into Sirius XM's strategy -- and its continued growth moving forward -- is the transition from a focus on new-car buyers to used-car buyers. The final quarter of 2015 brought news on that front: some of it good, some of which may call for a bit of healthy skepticism.


Easing off the new-car accelerator

For years, Sirius was able to sustain healthy subscriber growth by working with auto manufacturers to get its technology installed on the assembly line, and then offering free trials to new car buyers. It's a model that has worked well for Sirius, but one that has a limited life as the primary driver of customer growth.

Its technology is now installed in some 78% of new vehicles, which is a larger number than the company's executives had expected. It's also a number that's unlikely to increase from here, simply because the economics wouldn't support it.

Getting satellite technology installed in new cars costs money, and Sirius needs to see a return on that investment. That's why Sirius chose first to focus on the higher end of vehicle lineups, where buyers have more disposable income and are more likely to start paying a monthly fee when their trial ends. But it makes less sense as you get further down the vehicle lineup. Installing satellite technology in budget-friendly subcompact models won't deliver as great a return on investment for the company.

Revving up efforts in used autos
That's why it's become increasingly important for Sirius to tighten its focus on the used-car market. More than 6 million used-car owners signed up for a free trial of the Sirius service in 2015, a record number for the company. And the company expects the annual number of used-car trials to double over the next few years -- and probably triple over the coming decade.

Sirius has been trying to attack the used market from a number of angles. The company continues to build out the network of used-car dealerships that offer Sirius XM trials. Those dealerships now number more than 19,000, executives say, up from 14,000 just a year and a half ago. And that's still only somewhere around half of the dealerships out there, so Sirius should be able to continue growing that number.

But there's also probably a ceiling as to how many auto dealers Sirius will partner with. The smaller the dealerships get, the less return for the time spent bringing them on board and following up on sales.

The company last fall announced that it had signed up more than 80 Jiffy Lubes to provide information on the cars that come through for maintenance, including whether they have a satellite radio, and whether it was activated. Sirius has also been talking with companies that finance used-car loans and exploring options with the companies whose websites and apps serve as intermediaries in the sales of used vehicles.

In contrast to that 78% number on satellite-equipped new vehicles, the company estimates that its radios were in just 28% of used vehicles that were sold in 2015. The good news: That's up from the prior year's 24%, and that should grow over time as old inventory rotates out and makes way for newer models on the pre-owned lots.

CEO James Meyer forecasts a "predictable arc of growth for many years to come" from used cars.

Growth comes at a cost

But whether Sirius can double or triple the number of used-car trials isn't the only important question to consider. Potentially as important is whether Sirius can sign up and retain those listeners without spending too much to do so.

Subscriber acquisition costs for the company were up by about 8% in 2015. That outpaced the annual growth in subscriber revenue by a hair. But the margin was magnified in the fourth quarter, when the costs attributed to landing subscribers outpaced the growth of subscriptions revenue by about 12% to 7%. If that were to continue, it could be cause for concern, since it would affect overall margins and eat into the company's cash flow.

Sirius hasn't given us a reason yet to doubt its rosy view of growth in used cars, but investors must keep an eye on the costs of adding those new subscribers.

SOURCE
 

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Sirius XM Quietly Increases Prices

Sirius XM quietly increases prices

03/14/2016


One major music listening platform isn’t scared to increase its revenue the old fashioned way.

US satellite and digital radio giant Sirius XM is pushing up its monthly subscription price from next month – for the second year in a row.

The company’s popular subscription package, ‘Select’, will be increasing from $14.99 to $15.99 per month on April 27. Standalone Sirius XM internet radio access will also be increasing by $1 per month.


In June last year, Sirius increased the prices of other packages – including ‘Mostly Music’, ‘Premier’ and ‘All Access’ – by the same margin.

The net result spells good news for labels and publishers, who (see table below) will receive 14 cents more cash each month from every Select subscription as a result.

That’s $1.68 more per customer per year coming into the music industry.



Considering that Sirius XM boasted 29.6m subscribers at the end of 2015, this is no insignificant increase.

(24.3m of these subs ‘self-paid’, rather than being tied in to a subscription through a promotion such as Sirius subs being given away with new car purchases.)

Once Select’s price change is executed, all of Sirius’s most popular monthly packages will have increased by $1 in the past 12 months.

That difference across 29.6m subs would mean just under $50m more cash being pushed towards labels and rightsholders by the service each year.

Sirius’s other popular subscription options include XM All Access, which currently costs $19.99 per month and XM Mostly Music at $10.99 per month.

As you can see below, Sirius XM’s total revenues in 2015 stood at $4.57bn, with $3.82bn coming from subscriptions.

The service paid out $1.03bn as ‘revenue share & royalties’ to rightsholders – a figure that included ad revenue as well as due portion of subscription money.

Last summer, Sirius agreed a $210m settlement with the major labels and ABKCO regarding its use of pre-1972 music.

The brand’s star DJ Howard Stern signed a new five-year deal in December last year believed to be worth $90m a year.





SOURCE
 

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Discussion Starter #197
Sirius Claims 30 Million Subscribers

Sirius Claims 30 Million Subscribers, 24 Million Self-Paid

April 11, 2016

Satellite radio company Sirius XM Holdings Inc. (NASDAQ: SIRI) announced Monday morning that it added 465,000 net new subscribers in the first quarter of 2016. The company said its total subscriber base has now surpassed 30 million, a record high.

Excluding promotional subscriptions Sirius XM added 348,000 net new subscribers in the quarter, giving it a total of 24.6 million self-paid subscribers.

That’s an impressive number, but well below the 30 million paid subscribers that Spotify CEO Daniel Ek claimed for his company last month. Spotify’s total reflects global subscriptions, while Sirius XM’s total is for the United States only. Sirius XM Canada, in which the company holds a minority interest, claims 2.7 million subscribers.

Read more: Sirius Claims 30 Million Subscribers, 24 Million Self-Paid (NASDAQ: SIRI) - 24/7 Wall St. Sirius Claims 30 Million Subscribers, 24 Million Self-Paid (NASDAQ: SIRI) - 24/7 Wall St.
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Discussion Starter #198
Sirius XM Just Added Half-a-Million Subscribers

Sirius XM Just Added Half-a-Million Subscribers In Just 3 Months

July 26, 2016

Despite having missed their second quarterly forecast earnings, Sirius XM Satellite Radio is rapidly adding subscribers. The company just released their second quarterly statement showing more than half a million new subscriptions added.

The second quarterly report shows a 10% increase in revenue, totaling to about $1.24 billion, with Sirius XM shares (SIRI) having increased close to 6% during midday trading in the stock market. This passes the $1.23 billion predication set by leading investment research firm Zacks Investment Research. Current shares are trading at $4.39, having opened at $4.28, a definite improvement over the 52 week low of $3.29.

In a written statement, CEO Jim Meyer states that the company has added 587,000 new subscribers, limited not only to new car subscriptions, but all paid subscriptions. That is an 8% increase from the same quarter last year, resulting in a very impressive tally of 30.6 million subscribers.

With this surprising amount of new subscriptions, Sirius XM has raised to this year’s revenue forecast from $4.9 billion to $5 billion. CEO Jim Meyer added:

“SiriusXM’s second quarter results demonstrated continued strong demand for our content bundle and solid execution by our entire team. We grew net new subscribers by 587,000 in the second quarter, and our subscriber base, revenue, adjusted EBITDA, and free cash flow have never been higher. We are pleased to once again raise our key guidance metrics for the full year.”

Sirius now expects to close the year with 1.7 million total new subscribers, a definite improvement over last year’s 1.6 overall new subscribers. Analysts at multinational financial data company FactSet say they expect a 2016 revenue of $4.97 billion.


All of this is very good news for Sirius XM majority shareholder Liberty Media, which is rumored to be looking to acquire Pandora, who reports a falling user base.

SOURCE
 

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Discussion Starter #199
Lifetime Sirius Plans

Death Knocks Early for Lifetime Sirius Plans

September 14, 2016

SANTA ANA, Calif. (CN) — Music fans who paid big bucks for lifetime subscriptions to Sirius XM Radio thinking they'd be listening to the satellite radio service on their deathbeds were wrong, a class action claims: They've only got till their receivers die.

"Defendant systematically advertised and sold its lifetime subscriptions to consumers by leading consumers to believe that such lifetime subscriptions were for the lifetime of the consumer," lead plaintiff Paul Wright says in the Monday class action in Federal Court.
"However, when consumers have tried to transfer their lifetime subscriptions from one receiver to another or from one automobile to another, defendant has taken the position that the 'lifetime' referred to is not the lifetime of the purchasing consumer, but the lifetime of the receiver or automobile."
Early purchasers of satellite radio "took a chance and paid large upfront lifetime subscription fees" to Sirius, with no guarantee that it would survive as a business, "but in the hope that if defendant did survive, their lifetime subscription purchases would pay off over time," Wright says in the complaint.
Sirius XM Radio was formed in 2008 in a merger between competitors Sirius Satellite Radio and XM Satellite Radio. Although the new company verged upon bankruptcy a few times, today it has more than 24 million paid subscribers.
Tens of thousands of them purchased lifetime subscriptions, the class action estimates.
Wright says that Sirius XM's "refusal to honor the lifetime subscriptions has allowed it to reap millions of dollars in profits while individual consumers find they have spent hundreds of dollars for a lifetime subscription that is not as it was represented and not as expected."
Wright bought a lifetime subscription in December 2006 for about $400. He got no service agreement or other written agreement about his lifetime subscription, he says.
Wright says "understood 'lifetime' to be his lifetime, as is used in the ordinary course of business." He got "no verbal or written notice that the lifetime subscription was limited to the original device only" or was limited in any other way.
Wright found out otherwise in January this year when his portable receiver, known as a Stiletto, gave out and he bought a replacement. He tried to transfer his lifetime subscription, but Sirius refused.
Neither the company's director of corporate communications nor its general counsel could be reached late Tuesday for comment.
However, an item on the Sirius XM website says that lifetime subscriptions purchased before June 20, 2005, can be transferred to new devices indefinitely. Those purchased between that date and Sept. 7, 2007, can be transferred three times. Ones bought after that date for use in a home or portable receiver can be transferred three times, for a fee. Those installed in a car radio cannot be transferred.
Based on that policy, Wright should be able to move his subscription to a new receiver three times. The class action insists, however, that he was never told about any policy or limitation, but nonetheless was denied a transfer.
His attorney, Tina Wolfson of Ahdoot & Wolfson, did not return a call about the case.
Wright seeks class certification, restitution, an injunction and damages for fraudulent and negligent misrepresentation, unfair competition, breach of express and implied contract, and consumer law violations
SOURCE

UPDATE:

I purchased TWO lifetime contracts, one for my Wife's car and one on my Nitro when Sirius was in trouble. I still pay for the traffic option every three years. It was a great DEAL that has saved hundreds of dollars, so hopefully our factory installed optional radios will last our lifetime. I always knew it was only for our present vehicles only.
 

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SiriusXM will pay up to $99 million

U.S. Satellite Radio Giant Settles Turtles' Copyright Lawsuit for $99 Million

December 1st, 2016


SiriusXM will pay up to $99 million (USD) to settle a class action lawsuit filed by the Turtles after the satellite radio company went years broadcasting songs recorded before 1972 without compensating labels or artists, The New York Times reports. The suit centres around a 1972 copyright law, which offered federal protection to new audio recordings but was unclear about what to do with songs recorded prior to that year. In 2013, the Turtles filed three class action suits claiming protection under state copyright laws in California, Florida and New York. The major record labels – Sony, Universal and Warner – filed their own suit not long after. Since 2013, the courts have continually ruled in favour of the recording industry. In October 2014, judge Mary Strobel ruled that while the federal copyright law did not protect pre-1972 songs, SiriusXM could not continue to play those tracks without properly getting licenses from all parties involved. Strobel wrote that California law "must be interpreted to recognise exclusive ownership rights as encompassing public performance rights in pre-1972 sound recordings." Last year, Sirius XM agreed to pay $210 million to independent and major labels, while the new $99 million settlement settles the Turtles' class action filed in California. The deal requires SiriusXM to pay a minimum of $25 million for its past unlicensed use of pre-1972 recordings, with the possibility of paying an addition $15 million depending on whether the band wins its appeals in New York and Florida. SiriusXM also agreed to a 10-year license for recordings by members of the class at a 5.5 percent royalty rate that could be worth between $45 and $59 million. These payments, however, apply only to pre-1972 recordings that aren't owned by the major record companies. Despite the settlements, elements of the copyright law remain unclear, such as whether state laws allow the owners of pre-1972 songs to control performing rights for those recordings. Along with the class action suits against SiriusXM, both the Turtles and the Recording Industry Association of America – which represents the major labels – filed similar lawsuits against Pandora. In 2015, the internet radio service settled with the RIAA for $90 million, while the Turtles' case is still pending.

- See more at: Rolling Stone Australia ? U.S. Satellite Radio Giant Settles Turtles' Copyright Lawsuit for $99 Million
 
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