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On February 27, 2013, Pandora announced a 40-hour-per-month limit on free mobile listening. Pandora CEO Tim Westergren cited escalating royalty costs as the reason for the mobile cap. [76] In a ruling made public in March 2014, US District Judge Denise Cote ruled that Pandora's rate paid to ASCAP should remain the same, 1.85%. She cited (p.
Average revenue per user (ARPU) also has trended slightly lower, down 2% over the past nine months and 3% in Q3 at Sirius XM. ARPU was $15.16 for Q3 and $15.25 over the past nine months.
Total revenue came in at $2.18 billion, down 3%. SiriusXM has a dedicated base of users, but AM/FM still controls a 60% share of ad-supported and ad-free offerings in cars, according to Edison ...
Sirius XM is the result of 2008's merger of competing satellite radio names Sirius and XM, creating North America's singular satellite radio powerhouse with a huge array of exclusive programming.
Shares of Pandora moved higher -- and Sirius XM Radio moved lower -- on Monday afternoon in the aftermath of Apple's presentation to kick off its annual WWDC event for developers. Why did Pandora ...
A critically acclaimed yet fledgling app is about to get stronger, but that's nothing for Pandora or Sirius XM Radio to worry about. Terrestrial radio operator Cumulus Media announced yesterday ...
Pandora, the digital music platform owned by SiriusXM, is ripping off comedians by streaming their recordings without properly licensing the underlying works — and has been doing so for years ...
Sirius XM Radio didn't leave a lot of doubt about its reason for initiating a $1.25 billion revolving credit facility last week. An ambitious share buyback and a small year-end distribution will ...