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  1. salnguad is offline
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    12-15-2017, 03:15 PM #31
    Just read they got a bad decision on a case involving Royalties. They are still not sure what the cost to bottom line in 2018 will be.. also most of their officers were doing year end transactions with their stock holdings.. don't know how that impacts share price.. Maybe someone here with the expertise on these events can clarify what's going on...

  2. Rewind is offline
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    12-15-2017, 03:42 PM #32
    SiriusXM's royalty fee was 11% of gross revenue and will rise to 15.5% in 2018. Brace yourself for another increase in subscription rates. Here is the story from Radio Ink:

    https://radioink.com/2017/12/15/crb-...ates-siriusxm/

    There is an ongoing discussion of royalty rates, the Turtles' $100,000,000 lawsuit and the impact on SiriusXM at that *other* site:

    www.xmfan.com/viewtopic.php?t=121405

  3. Nazareth is offline
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    12-15-2017, 03:45 PM #33
    Subscriptions will be going up

  4. Nazareth is offline
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    12-15-2017, 05:02 PM #34
    Pretty good prediction of today's close "bdp"
    I was thinking people were cashing out for the end of the year for tax reasons. Probably a mixture of both.

    Hope next year it's a ride higher with new video content.

  5. bdp. is offline
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    12-15-2017, 09:19 PM #35
    What seems very unfair is that the royalties are not the same rate for every broadcaster and music streaming service. Seems Sirius is now at the very top with this 40% hike. But I don’t think the extra buck or 2 for a sub will send subscribers away in droves the way it did today with shareholders. Just have to wait it out once again...

  6. Rewind is offline
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    12-15-2017, 10:01 PM #36
    bdp, the differing royalty fees don't just seem unfair -- they are unfair. While SiriusXM will see a 41% hike in fees to 15.5%, the fees for subscription services Music Choice and Muzak will drop, from 8.5% to 7.5%. Royalty fees should be the same percentage for every music provider.

  7. bdp. is offline
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    12-16-2017, 06:19 AM #37
    Quote Originally Posted by Rewind View Post
    bdp, the differing royalty fees don't just seem unfair -- they are unfair. While SiriusXM will see a 41% hike in fees to 15.5%, the fees for subscription services Music Choice and Muzak will drop, from 8.5% to 7.5%. Royalty fees should be the same percentage for every music provider.
    I know and that is a compromise from an original plan to more than double it in steps over the period! This is blatantly discriminatory. It is like saying that if you are able to lift more weight at a gym, you are obviously getting more from your membership so you will be charged more for using their equipment. And because the CRB is a Government monopoly, they can dictate any terms they wish. It’s particularly disturbing how they actually lowered rates for others. Why exactly? If this were the case in every industry, we would all be in serious trouble. I really hope Sirius challenges this one hard and at least battles for equal footing for everyone across the board.
    Am I right or am I not understanding this correctly?
    Last edited by bdp.; 12-16-2017 at 06:48 AM.

  8. bdp. is offline
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    12-16-2017, 07:00 AM #38
    https://www.manatt.com/Manatt/media/...-Explained.pdf

    “The rate for Satellite Audio Radio Services for 2018-2022 is 15.5% of Gross Revenues, as that term is described in the accompanying SDARS regulations. The rate for Preexisting Subscription Services for 2018-2022 is 7.5% of Gross Revenues, as that term is described for PSS“

    So rates are determined by total revenue generated. The more you profit the more you pay per stream. The less you profit, the less you pay. Seems like an attempt to maintain healthy competition. So apparently Sirius is on the top tier and although Apple is a bloated behemouth that evades paying taxes (🤡), their streaming income numbers qualify them as more of a minor player so they pay less. Cool. 😡

  9. salnguad is offline
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    12-16-2017, 11:40 AM #39
    I think i'll be buying on this dip....

  10. bdp. is offline
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    12-18-2017, 06:57 AM #40
    Quote Originally Posted by salnguad View Post
    I think i'll be buying on this dip....
    Could be a good idea. I’m already up over 1k on my 10k buy at 5.25. I believe that the massive sell off was a massive overreaction. At the very most, we may see a $2 price hike and most subscribers will not flinch at this “less than the price of 1 cup of Starbucks” increase. The ones that do defect were probably going to do so anyway so I think this whole thing will ultimately turn out moot and the SP will creep back up to reasonable levels. You can also look at It this way. By targeting Sirius, is that not a strong indication of how much revenue they are generating? Apparently they are far ahead of the competition.

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