This week the subject of Liberty Media buying out SiriusXM raised itself again when Greg Maffei stated, “Sirius holders wish they took the deal”, referring to a proposed deal at the beginning of 2014 that had Liberty effectively paying about $3.86 per share to get the half of the company it does not own. Since… → Read More
Auto sales in September came in at 1.24 million units. This was up 9% from last year, but well below what we saw in August, which delivered 1.58 million in sales and a SAAR of 17.5 million. The SAAR for September was 16.4 million. Charts of the auto sales figures are available to SiriusBuzz Premium… → Read More
Fresh off of a legal victory in a lawsuit against SiriusXM, the Turtles are setting their sights on Pandora with the exact same claim. Meanwhile SiriusXM has vowed to appeal the lawsuit. SiriusXM’s CFO David Frear stated at an investor conference that the company would appeal, but the argument is not that artists should not… → Read More
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A Federal judge has ruled in favor of the Turtles in a lawsuit about royalties that may mean that the Turtles and Sirius XM are not “Happy Together”. In addition, the ruling may pave the way for royalty payments to many other artists who’s songs predate 1972. The copyright laws in the United States deal… → Read More
SiriusXM’s Jim Meyer, its Chief Executive Officer, is expected to speak at the Bank of America Merrill Lynch 2014 Media, Communications & Entertainment Conference on Tuesday, September 16, at approximately 7:00 pm ET. The timing of this bodes well for the company, as it will be a very public place to speak to increased subscriber… → Read More
Last week, when auto sales were announced, I speculated that we might see the company raise subscriber guidance during the Q3 conference call. As it turns out, SiriusXM did not want to wait. The company has announced that it anticipates adding 1.45 million subscribers this year. The new guidance is up from the previous level… → Read More
TechCrunch and SiriusXM have announced the launch of “TechCrunch Radio,” a limited-run series premiering at Disrupt San Francisco 2014, one of the most anticipated tech conferences of the year. TechCrunch’s East Coast Editor, John Biggs, and writer and reporter, Jordan Crook, will host the premier episode of “TechCrunch Radio” live from Start-Up Alley at 2014 Disrupt. Biggs… → Read More
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Auto sales in August 2014 came in at 1, 581,341 units, which is the highest sales level we have seen this year. The SAAR for August was a very impressive 17.5 million, again, the highest level we have seen in many years. August 2014 sales were 5.5% better than the same month a year ago…. → Read More
SiriusXM received a bit of positive news recently when a Judge hearing the lawsuit vs. SoundExchange ruled that the royalty matter relating to pre-1972 music should be determined by the CRB royalty board instead of in Federal Court. U.S. District Judge Richard J. Leon , in his ruling this past Tuesday stated that the issue… → Read More
The ownership of Liberty Media in SiriusXM has been able to increase even while the company sold shares back to SiriusXM. This happened because SiriusXM is in the midst of a share buyback program that has the company buying up shares in both the open market as well as private agreements. SiriusXM’s stock has been… → Read More