SiriusXM writes down Pandora value by $1bn citing royalties
Posted on: 11 janvier 2021, by : Stuart Dredge

US satellite radio firm SiriusXM has revealed that it is writing down the value of Pandora, its music streaming subsidiary, by around $1bn. The news came in SiriusXM’s announcement to investors of its expectations for 2021 under newly-installed CEO Jennifer Witz. “In connection with its annual impairment assessment of goodwill and other indefinite-lived intangible assets, the company […]
The post SiriusXM writes down Pandora value by $1bn citing royalties appeared first on Music Ally.
Source: Music ally

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