Sirius XM

  1. SiriusXM Cancels Top 40 Channel ’20 On 20,’ Replaces With Rhythmic Pop Hits Station

    July 11, 2014 2:03 PM EDT Among the changes taking place as part of satcaster SiriusXM’s latest channel realignment is the cancellation of longtime mainstream top 40 address "20 on 20.” As of July 17 the channel will be replaced by “Venus,” which will focus on rhythmi ...

  2. SiriusXM Fires Anthony Cumia Over 'Racially-Charged' Tweets

    July 04, 2014 1:59 PM EDT The host was dropped after making "racially-charged and hate-filled remarks on social media," the satellite radio company said. SiriusXM has fired Opie and Anthony host Anthony Cumia after he posted a series of racist remarks on Twitter ...

  3. John Malone's Liberty Media Buys More Charter Shares, Posts Mixed Financials

    May 08, 2014 2:52 PM EDT The company's stake in Charter now amounts to 26.4 percent as it plans to go ahead with the spin-off of Liberty Broadband and CEO Greg Maffei discusses the firm's interest in Vevo. John Malone's Liberty Media on Thursday reported mi ...

  4. Biz Stock Ticks: This Week's Entertainment Indices 3/17-3/21

    March 21, 2014 3:54 PM EDT Biz Related News:   Apple Mulls Launching Spotify Rival, Android App as Downloads Decline (Sources)       Biz Related News:           Biz Related News:           Biz Related News: Google, Viacom Settle YouTube Copyright Lawsuit       Biz Related N ...

  5. SoundExchange to Make Monthly Royalty Distributions

    January 14, 2014 2:13 PM EST Artists and record labels won't have to wait so long between SoundExchange royalty checks. This month the Washington D.C. performing rights organization will begin paying royalties monthly rather than quarterly to member artists, labels and ...

  6. 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 ...

  7. Sirius XM Stock Rises Amid Accusations Liberty Is Lowballing Shareholders

    January 06, 2014 8:21 PM EST Shares of Sirius XM soared 7 percent to $3.83 on Monday as investors seemed to conclude that a buyout offer from Liberty Media is too low and headed higher. On Monday, multiple shareholders disparaged the offer of $3.68 that Liberty made public on ...

  8. SoundExchange Distributes Record $153 Million in Q3, Celebrates 10-Year Anniversary

    October 04, 2013 4:48 PM EDT SoundExchange set another record for distributions in the third quarter, sending $153.7 million to record labels and artists in the third quarter. The figure was 25.5% greater than the same period last year and 74.7% above the $88 million dist ...

  9. 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 ...

  10. 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 ...

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. 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- ...

  15. 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 ...

  16. Radio Remembers Donna Summer: Songs Get Huge Airplay After News of Singer's Death

    May 18, 2012 4:38 PM EDT Following her death yesterday (May 17) at 63, radio is remembering legendary disco diva Donna Summer. Donna Summer - In Memoriam: There Will Always Be a You Detections of Summer's songs on all monitored U.S. terrestrial radio stations monitor ...

  17. 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 ...

  18. 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 ...

  19. Pandora Partners With DMX To Launch Internet Radio For Businesses

    November 01, 2011 12:32 PM EDT Broadcast radio isn't the only market ready for disruption. Internet radio company Pandora unveiled on Tuesday a business-to-business product in conjunction with brand experience service DMX . Pandora for businesses costs $24.95 per month plu ...

  20. Business Matters: Pandora Shares Closes the Week up 36%

    September 30, 2011 5:42 PM EDT Pandora Shares Closes the Week up 36% -- While most stocks were having a difficult week, Pandora Media (NYSE:P) bucked the trend and rose an astounding 10.3% Friday (to $14.65) to finish the week up 36.3%. The Nasdaq finished the week down 2.7% wh ...

  21. Business Matters: What HP's Bargain Tablet Sale Means to Music Companies

    August 22, 2011 8:45 PM EDT What HP's Bargain Tablet Sale Means to Music Companies -- Consumers love cheap tablet PCs, if the price is right. HP's move to chop prices on its tablets -- the company wants to get out of the consumer hardware business and needed to mov ...

  22. Sirius XM Brings BBC Radio 1 Back to U.S. with Internet Station after Last Week's Cancellation

    August 16, 2011 3:55 PM EDT Sirius XM announced today that it will be bringing the U.K.'s BBC Radio 1 broadcast, along with exclusive concert performances, to its Internet Radio starting Friday, Aug 19 as a part of a multi-platform agreement. This follows the Aug 10 can ...

  23. Business Matters: Walmart Shutters MP3 Store

    August 09, 2011 9:15 PM EDT Walmart Shutters MP3 Store -- Need more evidence that the digital music world is moving to an access-over-ownership future? Walmart is shuttering its seven-year-old MP3 store, according to a report in the New York Times . The store's last day ...

  24. Business Matters: Dark Monday for Music and Entertainment Stocks

    August 08, 2011 10:03 PM EDT Dark Monday for Music and Entertainment Stocks -- A number of investment bank stocks declined sharply Monday after S&P downgraded the U.S. late Friday. The Dow Jones index dropped 5.55% to 10.809.85. The S&P 500 sank an ominous 6.66% to 1, ...

  25. Music Stocks End Dismal Week in Negative Territory

    August 05, 2011 5:20 PM EDT U.S. stock markets posted mixed gains Friday after a miserable week. The Dow fell as much as 245 points and finished the day up 61 and posting a 0.54% gain. The technology-heavy Nasdaq dropped 0.94% and the New York Stock Exchange composite fell 1 ...

  26. Five Questions We Have About Pandora's IPO Tomorrow

    June 14, 2011 5:03 PM EDT By all accounts, tomorrow is the day Pandora puts 14.7 million shares of stock on sale to the public , equal to about 20% of its total equity. At an offering price of between $10 - $12 a share, that would raise around $146 million and value the co ...

  27. Business Matters: Pandora Raises IPO Price, BTIG Analyst Advises Investors to Pass

    June 10, 2011 4:14 PM EDT Pandora IPO: Bulls vs. Bears -- Pandora is feeling good about its initial public offering of common stock. The company has upped the number of shares and its target price for its IPO, according to a revised S-1 SEC filing . The original plan was t ...

  28. Billboard Country Music Summit Kicks Off Monday

    June 03, 2011 1:13 PM EDT The goal of the Billboard Country Music Summit , taking place Monday and Tuesday and produced in association with the Country Music Association , is simple: to bring together key stakeholders in the country music industry to discuss the most impor ...

  29. RightsFlow Builds A Business Around Clearing Song Rights

    March 18, 2011 12:00 PM EDT When it launched in the fall of 2007, RightsFlow comprised four people working out of the living room of president/CEO Patrick Sullivan's apartment on Manhattan's Upper East Side.Today, the company has established itself as a disruptive ...

  30. Sirius XM CFO: Howard Stern Might Have to Take a Pay Cut; Possible 10 Days Left on Air

    December 06, 2010 12:00 AM EST Howard Stern could broadcast live on Sirius XM for the last time on Dec. 16. After that, he heads for his annual end-of-year vacation and there still is no decision as to whether he’ll renew his contract, which expires on Dec. 31 and sets Sirius X ...

  31. Sirius XM CEO: Talks With Howard Stern Continue

    November 04, 2010 12:00 AM EDT Satellite radio company Sirius XM continues discussions with Howard Stern about a potential extension of his contract, which expires at the end of the year, CEO Mel Karmazin said Thursday (Nov. 4). "We do not have any updates today," he ...

  32. Howard Stern 'Pretty Sure' About Sirius XM Exit

    September 04, 2010 12:00 AM EDT Howard Stern is "pretty sure" he'll leave satellite radio, but his unique voice will live on in new media. Then again, it could be all posturing... like Dr. Laura Schlessinger is posturing by pretending to be retiring at the end of ...

  33. Business Matters: Vivendi, Stock Watch, Seeqpod

    August 31, 2010 12:00 AM EDT Opinion and analysis of the day's music business news. VIVENDI MERGER? -- Canal Plus, the cable division of media giant Vivendi, may merge with France Telecom subsidiary Orange, according to reports in France. A merger would end competition b ...

  34. Business Matters: Viacom, Mel Karmazin, Susan Boyle and More

    February 12, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn . -- Viacom is seeking a refund on its 2008 earn-out paymen ...

  35. Howard Stern On 'American Idol' Judge Rumors

    February 08, 2010 12:00 AM EST Howard Stern told his satellite radio listeners Monday morning (Feb. 9) that the rumor is true: "American Idol" producers are, in fact, considering him to replace Simon Cowell as a judge on the show. What's more, he's tempted t ...

  36. Q3 Earnings: Industry Financial Snapshot

    December 07, 2009 12:00 AM EST Dour financial results have never looked so good. With a few exceptions, Q3's earnings results offered a snapshot of repeated losses and turnaround plans bearing little fruit. But in today’s environment, survival is a marker of success. Music ...

  37. Business Matters: Spotify, Sirius XM, Journey and More

    November 06, 2009 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- The Register has reported Spotify is doing a better job converting its free users to paid, premium subscribers. The service now has 116,000 pre ...

  38. Sirius XM Agrees To Liberty Media Deal

    February 17, 2009 12:00 AM EST Satellite Radio firm Sirius XM has avoided a bankruptcy filing, confirming Tuesday morning a deal with John Malone's Liberty Media that will provide it with cash infusions in return for a minority stake in the company. With the agreement, Mal ...