SiriusXM and Volvo Cars of North America have announced that Volvo customers will automatically receive a 4-year subscription to SiriusXM Traffic and weather information when purchasing any new Model Year 2015.5 vehicle equipped with the latest generation of Volvo Sensus Connect, Volvo’s connected car platform. The new deal could help SiriusXM in developing services beyond… → Read More
As many readers know, SiriusXM has faced some legal setbacks recently with regard to pre-1972 music recordings. The Turtles, authors of “Happy Together”, have sued the satellite radio provider in several states over royalties. The current laws for royalties cover songs after 1972, leaving a loop hole of sorts in what happens with pre-1972 recordings…. → Read More
File this in the category of “headache gone”. SiriusXM has agreed to settle an action by several Attorney General’s to refund about $3.8 million dollars to consumers who’s service was automatically renewed but undesired. As part of the settlement, Sirius XM has also agreed to make several changes to its business, including improving its cancellation process and… → Read More
Sirius XM Around The Web
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The reports from the auto sector were a mixed bag of sorts, but overall the numbers will treat SiriusXM just fine. Auto sales were a mixed bag because some OEM’s saw year over year declines. Despite this fact, overall auto sales were 55,000 units higher than November of 2013. November of 2014 saw sales come… → Read More
The question of what Liberty intends to do with its stake in SiriusXM is always not far from the surface of any discussion relative to the satellite radio provider. With the recent moves and spin-off’s that Liberty Media has made, the concept becomes even more interesting. With the cable side of Liberty already spun off,… → Read More
October saw auto sales beat expectations as October of 2014 was the best October seen in many years. Sales came in at an impressive 1.277 million, an improvement over the 1.203 million sold in October of 2013. The news sets up a good start to the Q4 numbers and should also bode well for SiriusXM… → Read More
SiriusXM reported earnings today, and at first blush it would appear that the company met expectations, and is performing well enough to raise some guidance metrics for the balance of the year. The company reported record revenue, saw net income increase 117%, had a record $381 million in adjusted EBITDA, has repurchased $2.1 billion in… → Read More
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We are just a day away from SiriusXM announcing its Q3 earnings. The company appears to have had a very good Q3 in that it raised subscriber guidance over a month ago. Auto Sales in 2014 have been strong, and the company seems to have seen good traction in the used car segment as well…. → Read More
SiriusXM announced today that buyers of Maserati cars will be able to receive 3 months of SiriusXM Satellite Radio included in the purchase of the car. Buyers of the Quattroporte or Ghibli vehicles will get advanced services which includes 4 years of traffic conditions, weather, fuel, scores, and movie listings. SiriusXM has been available in… → Read More
This may not be what you want to hear, but it would appear that the $3.30′;s are going to be a proverbial battleground for this equity and depending on where the equity sits as the October 28th conference call rolls around, we could either be set up for a nice run, or set up to… → Read More