US satellite radio firm SiriusXM has published its financial results for the first quarter of 2023. They showed a slight decline in revenues. The post SiriusXM financials reveal slight revenue decline for Pandora appeared first on Music Ally. Source: Music ally

As 2023’s economic headwinds continue to bite, US satellite radio firm SiriusXM has become the latest company to announce a round of layoffs. The post SiriusXM lays off 8% of staff ‘affecting nearly every department’ appeared first on Music Ally. Source: Music ally

SiriusXM has published its year-end financial results for 2022. Overall, its business held up to the year’s economic headwinds well. The post SiriusXM hits self-pay record but Pandora is still declining appeared first on Music Ally. Source: Music ally

Ever since SiriusXM bought streaming service Pandora in 2018, the two services have explored partnerships and cross-promotions. The post SiriusXM and Pandora launch an artist accelerator program appeared first on Music Ally. Source: Music ally

US satellite radio firm SiriusXM has published its financial results for the third quarter, including the latest figures for its music-streaming service Pandora. The post Pandora ad revenues increase but listener total still falling appeared first on Music Ally. Source: Music ally

SiriusXM’s latest financial results reveal that Pandora still hasn’t managed to reverse its long-term decline in listeners. The post Pandora listener decline continues with SiriusXM financials appeared first on Music Ally. Source: Music ally

US satellite radio firm SiriusXM published its Q4 financials yesterday, revealing that its revenues for 2021 as a whole grew by 8% to $8.7bn. The post SiriusXM added 1.2m subscribers in 2021 but Pandora lost 6.6m listeners appeared first on Music Ally. Source: Music ally

US satellite-radio firm SiriusXM has made an interesting acquisition: ‘music for business’ company Cloud Cover Music. The post SiriusXM buys business-music service Cloud Cover Music appeared first on Music Ally. Source: Music ally

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 […]

US satellite-radio firm SiriusXM published its latest financials yesterday, revealing that it now has nearly 30.5 million ‘self-pay’ subscribers to its service, having added 169,000 in the third quarter of this year. Its revenue grew by 1% year-on-year to $1.6bn. Its music streaming subsidiary Pandora is still battling to turn around its listener decline though. Pandora […]

Are the big music streaming services too similar to one another? And if so, how can they break out of that box to innovate and differentiate themselves? A panel at Music Ally’s Sandbox Summit Global online conference yesterday, had some ideas. Angel Gambino, partner at venture development firm Prehype and until recently chief commercial officer […]

US satellite-radio firm SiriusXM is launching a bunch of authorised artist channels on its service on 1 May. It’s a raft of big catalogue artists: David Bowie, Eagles, Fleetwood Mac, George Strait, Guns N’ Roses, Led Zeppelin, Metallica, Prince and The Rolling Stones. Produced with the artists’ teams / estates, the channels will broadcast a mixture of […]

US satellite-radio firm SiriusXM owns Pandora, but now it has a minority stake in SoundCloud too. The company announced a $75m investment in the streaming service yesterday, which will see it also take two seats on SoundCloud’s board of directors. “We admire SoundCloud’s loyal and growing audience, its offering for creators, and its reputation and popularity in […]

US music streaming service Pandora ended 2019 with 63.5 million monthly active users, representing an 8.5% decline year-on-year as the service lost 5.9 million listeners. Its total ad-supported listener hours for the year also fell, by 9.5%, to 13.4bn. However, Pandora ended 2019 with nearly 6.2 million ‘self-pay’ subscribers, having added 251,000 over the course […]

U2 are the latest artist to ink a partnership with both SiriusXM and its Pandora subsidiary. The band are launching something called U2X Radio, which will include their own station on SiriusXM’s satellite-radio service playing recorded and live music, interviews and other content. There’ll also be exclusive stuff available for Pandora listeners. The news follows SiriusXM’s creative […]

SiriusXM is the latest company trying to tempt students into paid subscriptions. In its case, the satellite-radio company is offering a new $4-a-month streaming package for students, which will offer a bundle of its music and talk stations to stream on smartphones, other in-home devices, and the SiriusXM web player. The pitch is this: “Today’s […]

Drake famously took to the stage at the launch of Apple Music in 2015 to give his endorsement of the company’s new streaming service. But you don’t get to be one of the biggest stars in the streaming era without sharing the love around: yesterday US satellite-radio service SiriuxXM announced a wide-ranging “creative partnership” with Drake, which […]

Original content is all the rage at Spotify, Apple Music and other streaming services, so why shouldn’t Pandora join the party? Its new parent company SiriusXM has created a dedicated ‘content team’ at Pandora to focus on music, sports, comedy, politics and entertainment. That said, this new team is made up of existing execs: Pandora’s VP of […]

As it prepares to close its acquisition of Pandora, satellite-radio service SiriusXM has published its latest quarterly financials. We already new from the company’s trading update earlier this month that it ended 2018 with 34 million subscribers in the US. Now we also know that SiriusXM’s revenues grew by 6% to $5.8bn last year – […]

SiriusXM ended last year with around 34 million subscribers for its US satellite-radio service, including 28.9 million classed as ‘self-pay’ subscribers (as opposed to being on a trial or having it bundled with their car). The latter figure was 40% more than SiriusXM had predicted in its original financial guidance for 2018, so it was […]