SiriusXM’s financials reveal the company added roughly 210,000 net subscribers, while earnings slipped substantially. The story at Pandora wasn’t rosy. The company’s third-quarter 2019 total revenue was $2.0 billion, which increased …
Category archives: Satellite Radio
Sirius XM Tries to Move Its ‘Bait and Switch’ Lawsuit Into Arbitration
Sirius XM is looking to get the ‘bait-and-switch’ lawsuit filed by subscribers moved into arbitration. The original lawsuit was filed in New Jersey state court by a Sirius XM subscriber. Jeffrey Parrella said he received a flyer offering three years of…
Sirius XM Slashes Prices for Students With a $4 Monthly Plan
Sirius XM has joined a bevy of other music streaming services offering cheaper prices to students. The satellite radio provider has introduced a new ‘Student Premier’ subscription for its services, with the aim of keeping students subscribed after they…
SiriusXM’s Q2 2019 — 34.3 Million Subscribers and Pandora Radio’s Gross Profit Climbs 40%
SiriusXM has published its earnings report for the second fiscal quarter of 2019. In the first quarter of 2019 (Q1 2019), the satellite radio giant reached a new milestone, locking down 34.2 million subscribers. The company’s pro forma revenue jumped …
Sirius XM Sued Over ‘Bait and Switch’ Advertising Methods — With a Class Action Lawsuit Possible
Sirius XM Radio is in trouble over alleged ‘bait-and-switch’ rates that don’t actually exist. A state court complaint filed by Jeffrey Parrella claims that Sirius XM offered three years of service for $99. The mailing may have been too good to be true…
As Peloton Battles Lawsuits, SoulCycle Launches Sirius and Pandora Channels
SiriusXM and SoulCycle have entered a partnership to create a new SoulCycle Radio station and bring select playlists to Pandora. SoulCycle Radio will feature music curated by SoulCycle instructors, with inspirational messages peppered throughout. The f…
Post-Pandora Acquisition, SiriusXM Slashes 60 Positions
Last week, SiriusXM revealed its joint Q1 2019 financial report following its acquisition of Pandora Radio. The satellite radio company’s pro forma revenue jumped 10% year-over-year to $1.9 billion, up from $1.7 billion. Overall revenue grew 8% to $1….
SiriusXM CEO Jim Meyer Bags $17.6 Million In 2018 — And That Wasn’t Even the Biggest Payout
Making millions, but largely in stock options. Satellite radio giant SiriusXM has unveiled pay raises for its top staff. In a regulatory filing, SiriusXM has confirmed multiple pay raises for its top five executives. CEO Jim Meyer earned $17.6 million…
SiriusXM Launches an $8 Monthly Plan for People Without Cars
SiriusXM is trying to expand its satellite radio service to those who do not have cars or compatible car stereo systems. The company is doing this through a plan that they call SiriusXM Essential. The plan costs $8 per month and provides more than 200…
SiriusXM Strikes Back Against Spotify — Converts 22 Of Its Shows Into Exclusive Pandora Podcasts
SiriusXM is launching 22 new podcasts for Pandora and SiriusXM subscribers. The new podcasts repurpose many of SiriusXM’s most popular shows. SiriusXM finished its acquisition of Pandora just three months ago in a deal valued at $3.5 billion. These new…