Hyundai and SiriusXM Renew Deal
For SiriusXM, keeping deals in place with automakers is perhaps the single biggest growth factor for the company. SiriusXM is somewhat unique in that it carries long standing deals with all automakers and is able to offer paid and unpaid promotional subscription services through these deals. While renewing a deal may seem like child’s play, there are many moving components for both SiriusXM and the automakers to consider. The new GM deal may change the facet of the subscriber picture for SiriusXM when it stats in the fall of 2013.
Hyundai and Kia, sister brands, have had tremendous growth over the past 18 months and have established themselves as a major contender in the American car buying scene.
And this news won’t move this stock one cent! Has there ever…. EVER been a stock that sits in limbo – motionless and stagnated like Sirius XM with the announcement of positive news? Wall street is a vipers den of corruption; almost as corrupt as our government agencies – the SEC for example.
just you wait pam dora