Category archives: SiriusXM

Court Approves Pandora Appeal Of Pre-1972 Recordings Suit Due To Music Modernization Act

Last week the Ninth Circuit Court of Appeals told a lower federal court to reconsider Pandora’s bid to negate a class-action lawsuit over the streaming of pre-1972 recordings. The appeal was granted because of the Music Modernization Act, which makes these tracks eligible for digital performance royalties. When the Flo…

Pandora user base fell by 6.5m in Q2 – but parent SiriusXM posts record $2bn in quarterly revenues

SiriusXM’s radio platform ended Q2 with 29.3 million self-pay subscribers
The post Pandora user base fell by 6.5m in Q2 – but parent SiriusXM posts record $2bn in quarterly revenues appeared first on Music Business Worldwide.

Drake Strikes Creative Partnership with SiriusXM, Pandora

Satellite broadcaster SiriusXM announced that it has signed a wide-ranging creative partnership with Canadian rap legend Drake. The partnership includes a branded SiriusXM station that will feature a playlist of curated music from Drake, as well as special collaborations with other artists. Product rollouts are expected to begin later this…

SiriusXM Expands App Access, Adds Pandora Personalization

30 million SiriusXM Select subscriptions now include free app access, alongside new personalized stations powered by Pandora. Included are 100 recently launched Xtra Music Channels. The expansion coincides with an expanded preview of SiriusXM Video which includes hundreds of in-studio performances, behind-the-scenes moments, and more. Subscribers to the SiriusXM All…

SiriusXM rolls out unlimited streaming access outside the car for 30m Select subscribers

Select subscribers can now stream via their phone, on home devices and online
The post SiriusXM rolls out unlimited streaming access outside the car for 30m Select subscribers appeared first on Music Business Worldwide.

Layoffs At SiriusXM Following Pandora Acquisition

SiriusXM has announced nearly 60 layoffs in an effort to realign departments following the company’s recent acquisition of Pandora Media, The news was delivered in a memo sent to staffers by Sirius XM CEO Jim Meyer. The memo reportedly reveals that the layoffs were made in order to “better align”…

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 + Pandora Posts Mixed Numbers

SiriusXM today announced missed Q1 2019 operating and financial results. Total revenue of $1.7 billion increased 27% compared to the prior year with growth driven by the acquisition of Pandora. But the purchase also hit net income driving it down 44% to $162 million. Overall revenues grew 26% with Pandora’s…