Analysts give their views on SiriusXM / Pandora acquisition

Analysts have been publishing their views on the implications of SiriusXM’s proposed acquisition of Pandora, and it’s fair to say many of them are taking a wait-and-see approach. Goldman Sachs highlighted the ‘go-shop’ provision in the deal that allows Pandora to seek out a better offer, and suggests that “the value of Pandora as an […]

SiriusXM to buy Pandora: ‘We would benefit from a free funnel’

By now you’ll likely know that US satellite-radio firm SiriusXM has announced plans to buy streaming service Pandora, in a transaction valuing the latter company at $3.5bn. The deal follows SiriusXM’s $480m strategic investment in Pandora in 2017, which had seen its chairman, CEO and CFO appointed to Pandora’s board of directors. SiriusXM says that […]

Artists threaten to boycott SiriusXM over its MMA lobbying

US satellite-radio service SiriusXM has been coming under sustained fire for its lobbying around the proposed Music Modernization Act legislation, which this week has reached a crucial stage in its passage through the US Senate. The post Artists threaten to boycott SiriusXM over its MMA lobbying appeared first on Music Ally. Source: Music ally

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 firm SiriusXM – despite the latter now being one of its main investors. Now SiriusXM CEO Jim Meyer […]

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, starting with the 2019 Ram 1500 truck. Drivers will get SiriusXM’s lineup of 200+ live radio channels, as well as recommendations for other […]

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