Tag: siriusxm

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SiriusXM CEO criticises proposed US Classics Act legislation

The proposed Classics Act is trying to clear up the digital-licensing status of songs recorded before 1972. When it was introduced earlier this year, we noted that Pandora was supporting the bill, in stark contrast to satellite-radio...
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SiriusXM debuts ‘360L’ in-car satellite-plus-streaming service

US satellite-radio firm SiriusXM has launched the latest iteration of its in-car service, called 360L. That represents “360-degree listening” with a blend of satellite radio and streaming to pipe music into vehicles,...
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SiriusXM launches an Alexa skill for Echo access

Amazon Echo owners can now access another music-related service through their smart speaker: SiriusXM. The US satellite-radio service has launched its own Alexa skill, making more than 200 of its channels available for...
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SiriusXM posted highest quarterly revenues yet in Q3 2016

Satellite radio firm SiriusXM reported its latest financials yesterday, with its revenues up 9% year-on-year to $1.3bn in Q3 – a record for the company. It also reported a net profit of $194m, up 16% year-on-year, as...
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SiriusXM financials see significant rise in profits

US satellite-radio firm SiriusXM has reported a big rise in net profits for the company’s latest quarterly financials. Its revenues grew by 10% year-on-year to $1.2bn in the second quarter of 2016, but its net income rose...
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SiriusXM now has nearly 29m subscribers

US satellite radio service SiriusXM added 525k net subscribers in its last quarter, taking its total of paying customers to just under 29m. This came as the company reported quarterly revenues of $1.17bn, up 11% year-on-year,...
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SiriusXM users up but earnings down

A mixed bag in Q2 for US satellite broadcaster SiriusXM. Earnings for the period were $103m, a drop from $120 a year ago – which was partly down to payments to settle recent litigation over recordings for pre-1972 recordings....
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The Turtles in the soup after failing to stop SiriusXM settlement with RIAA

The whole issue of SiriusXM paying (or, rather, not paying) royalties on the broadcast of tracks recorded before 1972 was raised by a class action brought by Flo and Eddie of 1960s act The Turtles two years ago. In a separate...
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Labels get $210m in settlement from Sirius in pre-1972 case

The dispute over pre-1972 recordings and what broadcast royalties they receive from satellite and online stations has resulted in labels getting $210m from SiriusXM and a new legal precedent being set for future royalty payments....
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Big Q1 numbers for SiriusXM

US satellite radio provider SiriusXM announced its first-quarter financial results last night, with revenues up 8% year-on-year to $1.08bn, and net profits up 12% to $106m. The company added 431k net new subscribers in the...
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SiriusXM to appeal against pre-1972 ruling

US satellite radio firm SiriusXM says it will appeal against a recent ruling that it must pay royalties for music recorded by The Turtles before 1972. “We think Judge Gutierrez is wrong [and] we intend to appeal his...
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Pre-1972 music royalties ruling goes against SiriusXM

Do digital radio services in the US have to pay royalties for recordings released before 1972? Yes, they do, according to a summary judgement handed down yesterday by US district judge Philip Gutierrez. The ruling came...