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Copyright Royalty Board Raises Rates SiriusXM Pays For Music 40%
Responding to a request from SoundExchange and other artist advocates, the US Copyright Royalty Board (CRB) yesterday issued rate changes for for Sirius XM’s satellite radio service, as well as for cable and satellite television music services provided by Music Choice and Muzak, from 2018 through 2022. The CRB has increased the rates for Sirius XM ...
Pandora's Loss Poised To Become Gain For Investor Sirius XM
Pandora is struggling on almost every level, from monthly average users to revenue. This week Wall Street punished the streamer's performance, more than halving its stock price in a single day. But Pandora's loss appears poised to become Sirius XM's gain, says MIDiA analyst Mark Mulligan. The successful satellite broadcaster invested $480 million in Pandora earlier ...
SiriusXM Completes $480M Investment in Pandora, 3 Join Board
Pandora and SiriusXM announced Friday that the later has purchased $307.5 million of Series A preferred stock in Pandora, completing the $480 million strategic investment announced on June 9, 2017. Under the terms of the agreement, a subsidiary of SiriusXM purchased $172.5 million of Series A preferred stock upon execution of the agreement on June 9, 2017 and today purchased an additional $307.5 million of the Series ...
TuneIn Raises $50 Million For Online Audio Service
Online radio station and audio aggregator TuneIn has raised $50 million to fund a growing portfolio of programming for a paid service to rival Sirius XM. Today's new $50 million in funding values TuneIn at about $500 million, a source told Bloomberg. Marker, IVP and Comcast Ventures led the round, which also included Sequoia Capital, Causeway ...
Sirius XM Invests $480 Million In Pandora
The rumors were right about talks between Sirius XM and Pandora, but only late yesterday did the chatter shift from acquisition to investment. This morning Pandora [P] confirmed that U.S. satellite radio company Sirius XM [SIRI.O] would invest $480 million in the music streaming company. Under the terms of a deal announced Friday morning, Sirius XM will buy $480 ...
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