Sirius Satellite Radio

  1. Sirius XM Radio CEO James Meyer's Compensation Soars 600 Percent to $23M

    April 08, 2014 7:05 PM EDT James Meyer, the CEO of Sirius XM Radio, earned $23.1 million in 2013, up from $3.3 million the year before, the primary difference being $13.6 million in options awards last year compared to zero in 2012. Liberty Overtakes Disney as Most Profitab ...

  2. Sirius XM, Liberty Media CEOs Defend Acquisition Plan

    January 08, 2014 2:51 AM EST Top executives at Sirius XM and Liberty Media on Tuesday defended a plan by the conglomerate to wholly absorb the satellite radio firm for $3.68 a share, a price that some investors deem too paltry. Jim Meyer, the CEO of Sirius XM, said Tuesday th ...

  3. Sirius XM Will Have to Defend Multiple Lawsuits Over Pre-1972 Music

    December 04, 2013 2:05 PM EST A lawsuit with the potential of shaking up commonly held assumptions about the broadcasting of older music will be staying in California. Sony, Universal, Warner, ABKCO File Copyright Lawsuit Against SiriusXM The Turtles vs. Sirius XM: Case Could ...

  4. Business Matters: How Good Is SiriusXM's Business Model? It's Raising Its Price Again

    October 24, 2013 7:40 PM EDT SiriusXM CEO Jim Meyer announced Thursday the price for the regular, self-pay service will increase 50 cents to $14.99 a month and will be implemented in the first quarter. Its previous price increase came in January 2012, when the monthly rate ...

  5. SiriusXM Attacks the Turtles for Playing 'Lawsuit Lottery'

    October 14, 2013 7:59 PM EDT Imagine for a moment never hearing another Beatles song at a bar, rarely ever seeing The Rolling Stones perform their early work again on television and witnessing digital services like Pandora barred from streaming any sound recording made prio ...

  6. SiriusXM Radio Surpasses 25 Million Subscribers, Raises Full-Year Target

    July 09, 2013 7:55 AM EDT SiriusXM Radio said Tuesday that it added 715,000 net new subscribers in the second quarter, bringing its total subscriber base to more than 25 million as of mid-year. The satellite radio firm controlled by John Malone's Liberty Media, said ...

  7. New Sirius XM Chairman Says Company Could Become 'Totally Independent'

    April 11, 2013 5:20 PM EDT Liberty Media CEO Greg Maffei, named the chairman of Sirius XM on Thursday, says a spin-off from Liberty Media is “absolutely” a possibility for the satellite radio company. "At some point it might make sense for Sirius to be a totally inde ...

  8. Business Matters: Who Might Pandora's Next CEO Be?

    March 08, 2013 3:54 PM EST In the flurry of words written about Pandora over the past months and years, people tend to forget what it actually is. Pandora is not a social media company, although you might think otherwise reading some financial magazines. It’s not an Inte ...

  9. Business Matters: Pandora, Live Nation, Sirius XM Stocks Riding High

    February 01, 2013 7:08 PM EST The stock market reached new highs Friday as the Dow Jones surpassed 14,000 for the first time since 2007, but music-related stocks have performed even better recently. Shares of Pandora, Live Nation and Sirius XM are up between 11.8% and 24.7% in ...

  10. Business Matters: New Sirius XM CEO to Face New Set of Challenges

    December 19, 2012 9:00 PM EST It's a new era for Sirius XM Radio. The company announced Wednesday that James E. Meyer has been named company's interim CEO , effective immediately. Meyer, the president of sales and operations, takes over for Mel Karmazin, who had prev ...

  11. Jim Meyer Appointed Interim CEO of SiriusXM, Mel Karmazin Officially Steps Down

    December 19, 2012 9:48 AM EST SiriusXM Radio today named James E. Meyer Chief Executive Officer, on an interim basis effective immediately following the announced departure of Mel Karmazin. Mr. Meyer, who was SiriusXM's President of Sales and Operations, will also join th ...

  12. Business Matters: What Sirius XM's New Statutory Rates Mean for Labels, Artists

    December 17, 2012 6:38 PM EST The Copyright Royalty Board established new rates for satellite radio on Friday for the years 2013 through 2017. The rates are based on Sirius XM's revenue, so the faster Sirius XM grows its revenue, the more revenue will be paid to record la ...

  13. Sirius XM Will Pay More for Music Through 2017 (Updated)

    December 14, 2012 6:08 PM EST Sirius XM will be paying a bit more to play music for the next five years. The Copyright Royalty Board (CRB) announced Friday new statutory royalty rates for satellite radio that cover 2013 through 2017. The CRB set the statutory royalty rates for ...

  14. Radio Broadcasters Get an Earful at Internet Radio Fairness Hearing

    November 28, 2012 4:52 PM EST In a Congressional hearing that was supposed to be about Internet radio royalties , lawmakers and speakers instead spent a good portion of their time taking aim at the National Broadcasters Association for not having to pay performance royalties t ...

  15. SiriusXM CEO Karmazin Calls Internet Radio 'Race to the Bottom' on Earnings Call

    November 01, 2012 10:46 AM EDT Outgoing SiriusXM CEO Mel Karmazin slammed the business model behind personalized Internet radio services during an otherwise upbeat third-quarter earnings call Thursday. While advertising-based Internet radio company Pandora has yet to turn a pro ...

  16. Mel Karmazin to Step Down From SiriusXM

    October 23, 2012 4:41 PM EDT SiriusXM Radio today announced that Mel Karmazin told its board of directors that he will be leaving the company on February 1, 2013, according to multiple media outlets . He will also leave the company's board on that date. Karmazin's d ...

  17. Morning Fix: Apple iPad Mini Date; Genre Chart Feedback; Rihanna Skyrocketing on Social Media

    October 12, 2012 8:25 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters BILLBOARD'S GENRE CHART POLICY CHANGES Yesterday Billboard unveiled a new methodology for tabulating i ts genre charts to include digital download sales and streaming ...

  18. Business Matters: Sirius XM Raises Forecast for Subscriber Growth

    October 11, 2012 7:33 PM EDT Sirius XM upped its forecast for net subscriber growth for the third time this year. The satellite radio company announced on Wednesday that net additions in the third quarter jumped 34% to 445,921% from 3334,000 in the prior-year period. Sirius e ...

  19. Morning Fix: Spotify on TV; Pandora's Payments Explained; New Rolling Stones Single; Eno's Album App

    October 11, 2012 9:10 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters MACKLEMORE & RYAN LEWIS' HEIST ALBUM HEADING FOR BIG BILLBOARD 200 DEBUT: Seattle rapper Macklemore and producer Ryan Lewis are headed for the biggest debut on the ...

  20. Liberty Media Sees Share Repurchases, Dividends and a Spin Off Once it Controls Sirius XM Radio

    September 12, 2012 9:54 PM EDT Liberty Media CEO Greg Maffei hinted at share repurchases and dividends when his company takes over Sirius XM Radio but didn't give specific clues as to operational changes. "It could become the core of what Liberty Media is," Maffe ...

  21. SiriusXM CEO Mel Karmazin: 'My Instincts Are That Liberty Does Not Need Me'

    September 12, 2012 1:51 PM EDT Liberty Media could announce as early as Wednesday that it has acquired a controlling stake in Sirius XM Radio, the satellite service's CEO Mel Karmazin said. He also indicated that Liberty may not want him around much longer. "My instin ...

  22. Morning Fix: Tupac Hologram Company Goes Broke, More Coachellas? J.Lo's Cable Channel, iPhone 5!

    September 12, 2012 7:30 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters: Breaking News, Touring, Top 40, Country and many more. AEG ATTORNEY FIRES BACK OVER MICHAEL JACKSON EMAILS: 'NOBODY IS TELLING THE STORY PROPERLY': A series of c ...

  23. College Radio: A Study In Success

    September 11, 2012 1:45 PM EDT Illustration by Michael Byers "It's not radio. It's college radio. There's nobody listening. Nobody. Maybe, like, three guys in a dorm somewhere." After a then-senior at Boston University Howard Stern crafted "the sin ...

  24. Liberty Media Raises Stake In SiriusXM Again To 48.8 Percent

    August 29, 2012 12:50 PM EDT John Malone's Liberty Media continues to slowly raise its stake in Sirius XM Radio. The satellite radio firm, led by CEO Mel Karmazin, reported in a regulatory filing late Tuesday that Liberty has bought additional stock to take its ownership ...

  25. Morning Fix: Bertelsmann IPO?: Liberty's Sirius XM Stake; RealNetworks Layoffs; Pinterest's Sales Issue

    August 29, 2012 7:47 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MTV, TROJAN TEAM UP FOR FIRST VMA SPONSORSHIP FEATURING LMFAO'S SKYBLU: In a first for the sexual health category , MTV is teaming up with Trojan condoms for a multi- ...

  26. Liberty Media Applies for Control of Sirius XM Radio

    August 17, 2012 9:19 PM EDT Billionaire media-mogul John Malone and his Liberty Media moved a step closer on Friday to taking control Sirius XM Radio. In a filing with the FCC, Liberty asked permission to take "de jure" control over Sirius XM, having already failed ...

  27. Guest Opinion: Clear Channel/Big Machine Deal Is Step In Right Direction, But Not Far Enough, by Future of Music's Casey Rae

    July 26, 2012 8:00 AM EDT For decades, broadcasters have enjoyed an exemption that allows them to not pay performers and labels when they terrestrially broadcast music. This hardly makes sense, especially compared to digital services like Pandora or Sirius XM, which pay no ...

  28. Sirius XM Adds More Subscribers Than Expected in Q2

    July 09, 2012 8:55 AM EDT Sirius XM Radio said Monday that it added 622,042 net subscribers in the second quarter, a record since the merger that created the satellite radio firm. The sub growth was better than most on Wall Street had expected and up 38 percent from the 45 ...

  29. Business Matters: Rumors Heat Up That Liberty Media Will Buy Out Live Nation

    June 28, 2012 4:10 PM EDT Rumors Heat Up That Liberty Media Will Buy Out Live Nation -- Another summer, another round of speculation that Liberty Media may buy out the remaining shares of Live Nation it does not already own. Liberty Media upped its stake in Live Nation to ...

  30. SiriusXM Canada Requests Reduction In Financial Contribution For National Content

    June 22, 2012 8:55 AM EDT Toronto-based satellite radio service SiriusXM Canada Inc. is asking The Canadian Radio-Television Commission (CRTC) to significantly reduce its financial contribution to the development of Canadian content. The hearings, held this week in Gatinea ...

  31. SoundExchange Top $1 Billion in Total Payouts, Surpasses $100 Million in Q1

    June 18, 2012 11:28 AM EDT SoundExchange announced Monday it has paid out $1 billion in digital performance royalties to record labels and recently topped $100 million in a single quarter for the first time. The organization paid out $108.6 million in the first quarter of 2 ...

  32. In Their Own Words: Quotes From Reps of Pandora, NARAS, RIAA, NAB's Testimony at House Radio Hearings

    June 07, 2012 5:30 PM EDT A day after Clear Channel brokered a deal with Big Machine to pay sound recording performance royalties, music execs and interest group reps gathered on Capitol Hill to offer their testimony at a Congressional hearing entitled the "Future of ...

  33. RIAA, Pandora, NARAS, NAB Square Off On Capitol Hill

    June 07, 2012 8:26 AM EDT Different sectors of the music industry -- including reps from RIAA, NAB, NARAS, Pandora and others -- squared off before the House Subcommittee on Communications and Technology yesterday (June 6) over differences on issues like whether U.S. terre ...

  34. Liberty Media Unveils New Plan to Take Control of Sirius XM Radio

    June 01, 2012 6:31 AM EDT John Malone's Liberty Media on Thursday filed details about its new plan to take control of satellite radio firm Sirius XM Radio over time by taking over its board. FCC Rejects Liberty Media's Request to Control Sirius XM Radio The plan ...

  35. Liberty to Boost Stake in Sirius XM

    May 09, 2012 7:44 AM EDT LOS ANGELES (AP) -- Billionaire John Malone's Liberty Media Corp. said Tuesday that it will spend $650 million to increase its effective control of satellite radio company Sirius XM Radio Inc. to 45.2 percent. FCC Rejects Liberty Media's ...

  36. FCC Rejects Liberty Media's Request to Control Sirius XM Radio

    May 04, 2012 8:50 PM EDT The FCC has dismissed a request made March 20 by Liberty Media to temporarily control Sirius XM Radio. Liberty, controlled by John Malone, had sought jurisdiction over the satellite radio company despite owning only enough convertible stock to tra ...

  37. Business Matters: Sirius XM to Offer Personalized Radio

    May 01, 2012 5:10 PM EDT Sirius XM To Dive Into Personalized Radio Internet radio is going to become even more competitive. Sirius XM is following Clear Channel and Pandora into the personalized radio business, the company announced Tuesday. CEO Mel Karmazin mentioned the ...

  38. Sirius XM Posts Record 22.3 Million Subscribers, 38 Percent Earnings Boost

    May 01, 2012 12:32 PM EDT Satellite radio company Sirius XM Radio on Tuesday reported improved first-quarter financials and continued subscriber growth. The company added 405,000 subscribers to end March with a user base of 22.3 million. SiriusXM Files Lawsuit Against Soun ...

  39. Business Matters: Why Sirius XM and Pandora Don't Account For 90% of Soundexchange's Collections

    April 17, 2012 9:18 PM EDT Soundexchange Refutes Earlier Suggestions of Pandora and Sirius' Collections Percentages Pandora and Sirius XM accounted for a large share of SoundExchange's 2011 collections of digital broadcast royalties. Some people say 90%. SoundExch ...

  40. Howard Stern's $300 Million Suit Against Sirius XM Dismissed by Judge

    April 17, 2012 7:05 PM EDT Howard Stern's hopes for a $300 million payday from Sirius XM Radio Inc. have been dashed by a judge. His show's Twitter feed said the shock jock was "really bummed" by the decision and plans to appeal. Stern sued last March, a ...

  41. Sirius XM Radio CEO Mel Karmazin Paid $10.7 Million in 2011

    April 11, 2012 8:14 PM EDT Mel Karmazin, who thinks he's vastly underpaid, earned $10.7 million in 2011 for his services as CEO of Sirius XM Radio, nearly $1 million more than he was paid the prior year but down significantly from the $43.5 million he was paid in 2009, ...

  42. Sirius XM Still Facing Legal Challenges Over Five-Year-Old Merger

    April 04, 2012 6:28 PM EDT More than five years after Sirius Satellite Radio and XM Satellite Radio announced a merger that would create the mega-satellite radio network Sirius XM, the company is still in court defending the marriage. On Monday, Sirius XM filed a brief to t ...

  43. Exclusive: Merlin Settles With Sirius for $1.6 Million

    April 04, 2012 5:00 PM EDT Independent rights group Merlin has settled its copyright-infringement lawsuit against Sirius Satellite Radio for $1.6 million. The class action lawsuit stemmed from Stiletto, a hand-held receiver that allowed Sirius subscribers to record audio br ...

  44. Tiesto Launches Sirius XM Radio Channel

    March 23, 2012 1:43 PM EDT It's a monumental day for Tiësto. The EDM superstar is headlining day one of the Ultra Music Festival in Miami tonight and simultaneously launching his very own channel on Sirius XM, called Tiësto's Club Life Radio. "I'm really ...

  45. En Vivo Launches on SiriusXM Radio by National Latino Broadcasting

    January 12, 2012 12:29 PM EST National Latino Broadcasting has launched En Vivo, a new music channel aimed at U.S. Latinos on SiriusXM, according to a spokesperson for the media company. Officially on the air today (Jan. 12), the channel (147) will include popular music, live ...

  46. Business Matters: EMI Sues Grooveshark (Again), Pandora Takes Longview, Sirius Adds 1.7M Subscribers, EMI Execs' 'Forfeited' Bonuses Overstated

    January 05, 2012 6:39 PM EST EMI Sues Grooveshark for Breach of Contract -- Controversial music-streaming service has been sued by EMI - again. EMI Music Publishing has Grooveshark for breach of contract, according to reports at the New York Times and other outlets. The lawsu ...

  47. Sirius XM Radio Adds 1.7 Million Subscribers in 2011; CEO Mocks Competition

    January 04, 2012 9:59 PM EST Sirius XM Radio said Wednesday it added 1.7 million subscribers in 2011, then CEO Mel Karmazin gave a backhand compliment to one competitor, online music service Pandora, and insinuated another, Clear Channel Communications, was a bit stodgy. Spea ...

  48. The Year in Music Stocks: The Good, The Bad, The Overall Decline

    January 01, 2012 4:18 PM EST Music stocks were much like the broader markets in 2011: a mix of good and bad with an overall decline. Billboard's list of ten music-related stocks fell by an average of 4 percent in 2011. The Dow rose 3.2 percent, the S&P 500 dropped 1. ...

  49. Business Matters: Facebook Had 5 Times The U.S. Visitors of Twitter in 2011

    December 29, 2011 5:37 PM EST Facebook: Now Five Times More Than Twitter -- Facebook and Twitter are often mentioned in the same breath. Both are pioneering social media platforms that have changed how people and brands communicate. But year-end numbers from Nielsen shows the ...

  50. Sirius' Direct-Licensing Efforts Come Under Attack From Recording Academy, AFTRA

    October 27, 2011 7:30 PM EDT In what appears to be a coordinated response to Sirius XM's attempt to bypass SoundExchange and license music directly from labels, leading artist groups have issued alerts to their members denouncing the gambit, which was first reported by B ...

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