Spotify announced today users in the U.S. can, for the first time, listen for free on both the iPhone and iPad. Previously, only premium paying users in the States could access the iOS app, leaving the freeloading moochers out in the cold. Now both the free and $4.99… → Read More
Sirius XM Partners with AT&T…Sort Of
In the years that I have been covering satellite radio there have always been rumors that run around about Sirius XM (NASDAQ:SIRI) partnering with one company or another. There have even been some very interesting, yet naive, claims that the satellite radio provider was “Partners” with Apple simply because… → Read More
Defending Mel Karmazin’s Stock Sales
It seems that not a week goes by lately where there isn’t some form of attack or negative innuendo associated Sirius XM (NASDAQ:SIRI) CEO Mel Karmazin and his planned stock sale. While insiders selling stock is not typically seen as a positive, investors need to look past the… → Read More
SoundExchange Reaches $1 Billion in Royalty Pay-Outs
Music royalty collection and distribution is a key component of the music industry. SoundExchange, a non-profit company established to collect and distribute royalties to rights holders and artists, recent eclipsed the $1 billion mark in royalty payouts. At its inception in 2000, SoundExchanges royalty payouts were very modest… → Read More
SiriusXM Responds to SoundExchange Request for Summary Judgement
In a 30 page document filed with the court, Sirius XM (NASDAQ:SIRI) has officially responded to the request for Summary Judgement in a case that alleges consiracy against the royalty collection and distribution agency. The battle is over alleged interference on the part of Sound Exchange and A2IM in… → Read More
The Free 3-Month Sirius XM Trial Train Rolls on with Penske Automotive
Sirius XM has now added Penske Automotive to their growing list of pre-owned dealership partners. Penske customers, like those at Autonation, Asbury, and Sonic, will score a three month free trial when they purchase any used car with a factory satellite radio receiver. Penske Automotive Group (NYSE: PAG)… → Read More
Summary Judgement in Favor of Sirius XM in Shenk Case
Sirius XM (NASDAQ:SIRI) is on a winning streak of sorts when it comes to lawsuits. In a preliminary ruling published on May 31st, Judge Rakoff found in favor of the defense and granted a summary judgement. The decision has not yet had its written reasons published, but in… → Read More
May 2012 Car Sales Good, but Shy of Expectations
Investors should expect mixed headlines relating to U.S. car sales for may of 2012. While the pace is certainly enough to keep sales for the entire year above 14 million, it has fallen off from earlier in the year. The SAAR in April dropped from above 14 million… → Read More
Liberty’s Greg Maffei Appears On CNBC
Liberty Media (NASDAQ:LMCA) CEO Greg Maffei appeared on CNBC and gave some insight into the recent developments with regard to the Liberty stake in Sirius XM. Raher than attempt to paraphrase what was said, here is the transcript: CNBC – Nice to have you here and have you… → Read More
Liberty Media Appeals FCC Decision
We can’t say this news came as a surprise because it is exactly what we were expecting. Liberty Media (NASDAQ:LMCA) has filed an appeal with the FCC in regard to the commissions earlier rejection of Liberty’s request for De Facto control of Sirius XM (NASDAQ:SIRI). The schedule 13D… → Read More
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