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Update on MySXM

The excitement keeps building as we get closer to the official launch of MySXM. SiriusXM took away the ‘beta’ on the address bar of their Web Player today and made this statement:

Important Notice for SiriusXM Internet subscribers

The legacy version of our web player will be discontinued after March 27th

Please begin using the current version of our web player, which offers better performance as well as new features and enhancements, including SiriusXM On Demand and the ability to Fast Forward live satellite radio. Upgrading is free and easy.

 

It’s been available on the web player since Jan 25th and members of DRC have been experimenting with it ever since and it’s been a huge hit. We have also been sending feedback to SiriusXM to help improve compatability and are eagerly awaiting the release to hit mobile devices. Click the images for the first screen shots of the upgraded phone apps.

iOS MYSXM               Android MySXM

No official word of any launch dates yet. You can be sure to find out when it’s available and many other topics by joining this forum: SiriusXM 2.0 News at Digital Radio Central

Dig Mag Pics

Dig Mag Pics

 

 

Dig Mag Pics

Dig Mag Pics

More Details from SXM Support

 

Sirius XM Radio Still Searching For CEO

Sirius XM Radio is still searching for a CEO according to the firm’s controlling interest Liberty Media

Sirius XM Radio Inc (NASDAQ:SIRI) is still searching for a new Chief Executive according to Liberty Media Corp .

The report undermines rumors that the company had decided to keep the role in the hands of acting Chief Executive James Meyer. Sirius stock rose by a fraction in today’s trading.

The news was originally reported by Reuters

                                     

According to the statement from Liberty Media Corp, there have been strong internal and external candidates for the position, and the final decision is likely to be made in the next few months.

Sirius acting CEO James Meyer has been complimented on his efforts by analysts. His knowledge of the company on the Sirius XM Radio conference call bolstered confidence in him.

Former Sirius XM Radio CEO Mel Karmazin stepped down on February 1. The executive, who had led the company since 2008, left the company in the face of a takeover from Liberty Media Corp.

The executive and the media conglomerate were involved in heated exchanges as the takeover process proceeded, making it difficult to stay on under the new ownership.

There are challenges ahead for the company, and the installation of a new CEO should be its top priority. The well received performance of James Meyer is calming, but investors will be worried about instability should Liberty Media Corp choose to replace him.

The firm may be intent on keeping Meyer in the top spot if he continues performing well. Liberty Media is, however, keeping its options open. Today’s statement allows the company to replace Meyer at any time in the coming months, and confirms his position as acting CEO indefinitely.

Sirius is expected to multiply its earnings in the year to come, not mater who the CEO is. The firm is expected to earn 10 cents per share in 2013, and 13 cents per share in 2014. In 2012 the firm earned just 5 cents per share.

Since the start of 2013, Sirius XM Radio shares have increased by more than 7 percent. The firm’s earnings report, delivered in mid January, slightly missed the expectations of analysts, but that hasn’t stopped the firm’s stock hitting five year price highs.

Sirius XM Radio Inc  is expected to have a landmark year in 2013, whether it will be presided over by James Meyer or somebody else, remains to be seen.  From: www.valuewalk.com

Discussion on this topic

Slacker Radio Now on Xbox 360

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The newly revamped Slacker radio today found a new home on the Xbox 360 gaming console.

Now available for Xbox Live subscribers in the U.S. and Canada, Slacker brings millions of songs and hundreds of programmed stations to the Xbox Live Marketplace.

Not impressed, gamers? Why not give a listen to the new videogame music station, curated by gaming culture blog Destructoid.

“Slacker brings the world’s most complete music service to Xbox Live Gold subscribers in the U.S. and Canada for free,” chief marketing officer Craig Rechenmacher said in a statement. “Whether you’re into country, hip hop or want to listen to the soundtrack from your favorite game, Slacker’s team of music experts make it easy to find and discover the world’s best music from the comfort of your living room.”

Slacker’s addition to Xbox Live provides users access to a massive music library, containing music for every mood, genre, and activity, available directly on their TV. Those with the Kinect sensor can take advantage of voice controls. Listeners can also customize their experience with global and sports news from ABC and ESPN.

Destructoid editor Dale North has been tapped to host a new station celebrating the world of videogame music, Slacker said. The station will feature hand-picked selections from the soundtracks of epic franchises like Halo, Gears of War, and Final Fantasy.

Earlier this month, Slacker revealed an updated interface. It simplified navigation and added a new “Music Guide” with industry news and videos, making it easier for users to find the music they like.

Notably, the company removed its former tabbed area, replacing the Home, Now Playing, Create Your Own, and Devices buttons with a panel interface and large icons. Free mobile versions of Slacker are available for iOS, Android, Windows Phone, and BlackBerry. From pcmag.com

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Spotify streaming in select Ford models

Spotify announced today that they have partnered with Ford Motor Co in a deal that will bring their music streaming service to all Ford models with SYNC AppLink. This will give the current 20 million active Spotify users voice activated access to their over 20 million song catalog.

This deal marks Spotify’s first, in what they hope will be many, collaborations with U.S. based automakers. With Pandora currently in 75 vehicle models from leading manufactures such as General Motors, Ford, BMW, and Chrysler, this Swedish based startup still has a bit of catching up to do.

When you consider the 1 million people already using Pandora’s dashboard integration and then talk about adding Spotify to mix, one thing is clear, terrestrial radio is (even more) doomed.

Spotify will roll out this new service in the one million vehicles in the U.S. already sporting the SYNC AppLink in the coming weeks.

Dirty Mo Radio

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Dale Jr’s New Weekly Radio Show

The Dale Jr. Download is your Monday stop for race recap, insight and commentary but uniquely through the lens of Junior, NASCAR’s 10-time most popular driver. Hosted by Taylor Zarzour and Mike Davis, the Download offers unique perspective as it is embedded in the heart of Dirty Mo country, and it leans on the people behind Junior – team members, family, and fans – to tell their stories. The Dale Jr. Download runs for the duration of the NASCAR season, a span that includes 40 episodes. More info here:  Digital Radio Central: Nascar

First Look: SiriusXM MyControl *Personalized Streaming*

 

SiriusXM MyControl gives you the power to customize your favorite music channels. By adjusting their unique settings, you’ll hear more of what you want and less of what you don’t. You decide how much you want to play with the settings – fine tune them or make dramatic adjustments to enjoy over 100 variations of your favorite channels. MyControl gives you a new listening experience to better suit your mood.

Many SiriusXM music channels can be customized with MyControl. Just look for the My icon at the top of the screen after tuning to a music channel. If the My icon is not shown, the channel cannot be customized.

New to SiriusXM? Checkout the SiriusXM Buyers Guide 

 

SiriusXM Files Antitrust Claims Against SoundExchange and a Record Industry Trade Association

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Sirius XM Radio today announced that it has filed a complaint againstSoundExchange, Inc. and American Association of Independent Music (“A2IM”) charging those organizations with unlawfully interfering in SiriusXM’s efforts to secure, through a competitive market, copyrights critical to its business.  The complaint contends that the conduct violates federal antitrust, as well as New York state law.

SiriusXM is primarily seeking injunctive relief to stop SoundExchange and A2IM from impeding its efforts to obtain the licenses it needs to operate its business in direct dealings with record companies instead of relying exclusively on licenses either negotiated with SoundExchange acting as the record industry’s collective or on the outcome of regulatory rate-making proceedings.  The complaint charges that, although SiriusXM has the legal right to reach out to individual record companies for such licenses, SoundExchange, in collaboration with other record industry organizations, has orchestrated an illegal boycott designed to choke off such competition.

SiriusXM’s direct licensing initiative is beneficial to the Company, listeners, artists and record labels.  This filing reflects SiriusXM’s commitment to taking the steps necessary to maintain its rights to conduct business in a free and open market for the benefit of its business, listeners, artists and record companies.

The complaint contends that SoundExchange and other industry trade associations, in concert with numerous individual record labels, have eliminated price competition in, among others, the market for digital transmissions of sound recordings licensable under the statutory licensing provisions of Section 114 of the Copyright Act of 1976.  The complaint further contends that SoundExchange and A2IM, along with major music industry organizations, have organized a boycott to prevent independent record companies from negotiating direct licenses with SiriusXM for sound recordings that are included in the Company’s commercial-free music content.  As outlined in the complaint, there has been an orchestrated effort against labels looking to negotiate directly with SiriusXM, including mailings to members, public statements released to the media and posted on their websites, board level discussions, direct pressure tactics placed on individual labels known to be considering SiriusXM’s offer and even overt efforts to cause one or more entities that actually signed a direct license to rescind it.

As a result of the complained of conduct, SiriusXM has been forced to deal exclusively with SoundExchange to acquire statutory licenses at higher prices than it otherwise would have obtained through direct licensing with individual record labels.  The complaint contends that this conduct and the ensuing boycott violate federal antitrust laws and tortiously interferes in SiriusXM’s business relationships.

SiriusXM has signed nearly 80 direct licenses to date; the Company believes that without the complained of conduct, it would have attained far more.  The Company believes that if SoundExchange, the trade associations and major record labels are allowed to continue this conduct, it is likely that similar anticompetitive harm will result to other rights users who are unable to secure direct licenses to rights.

SiriusXM’s Direct Licensing Initiative
As part of a larger effort to manage through the challenging market environment, SiriusXM has sought to manage the cost of its music programming by negotiating royalty rates directly with individual record labels.  This interest was further spurred by the extraordinary increases in statutory fees that the record industry, through SoundExchange, advised they were seeking beginning in 2013, and SiriusXM’s desire to enter into a single license covering all of its platforms, including satellite, internet, mobile devices and more.  Having one license agreement that encompasses these platforms provides an opportunity for record companies to derive more value than they would by relying on distributions from SoundExchange.  Notably, SiriusXM can enter into a unitary license agreement of such scope only through a direct license; it cannot do so under a SoundExchange statutory license.  Working with a leading provider of high-volume license administration services with deep expertise in the music industry and with similar direct license programs, SiriusXM began developing a comprehensive direct license proposal for record companies in 2010.

The direct licenses, offered at rates between 5% and 7% of defined revenues, would be powerful evidence of prevailing market rates in the pending 2013-2017 CRB proceeding and stand in stark contrast to the much higher rates proposed by SoundExchange in that proceeding.

The complaint was filed in the United States District Court for the Southern District of New York.

SiriusXM Reports 2011 Results

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– Subscribers Grow to Record 21.9 Million
– Record Revenue of $3.01 Billion, Up 7% Over 2010
– Adjusted EBITDA Reaches Record $731 Million, Up 17% Over 2010
– Record Free Cash Flow of $416 Million, Up 98% Over 2010
– 2012 Adjusted EBITDA Guidance Raised to $875 Million
– Company Projects 1.3 Million Net Subscriber Additions in 2012

Sirius XM Radio today announced full year 2011 financial and operating results, including revenue of $3.01 billion, up 7% over 2010 revenue of $2.82 billion, and adjusted EBITDA of $731 million, up 17% from $626 million in 2010.

“We are proud to announce that SiriusXM delivered another record-setting year in 2011, meeting or exceeding all of our guidance.  Our strong content and subscriber focus helped set a post-merger record of 1.7 million net subscriber additions, and we achieved record levels of revenue, adjusted EBITDA and free cash flow.  We expanded our adjusted EBITDA margins to 24% by tightly controlling costs and growing our revenue.  Our improved profitability, coupled with lower capital expenditures, contributed to a substantial increase in our free cash flow,” noted Mel Karmazin, Chief Executive Officer, SiriusXM.

“In 2012, we expect to accelerate our revenue and adjusted EBITDA growth, and we project our free cash flow will jump by approximately 70% to$700 million.  Our subscriber base will once again end this year at another all-time record high,” said Karmazin.  “We continue to invest in improving the subscriber experience, all with the goal of keeping our subscribers engaged and entertained.  All of us here at SiriusXM look forward to another fantastic year of subscriber growth and improved financial performance.”

Additional highlights from 2011 include:

  • Subscriber growth continues. Gross additions climbed 12% to an all-time high of 8.7 million, net subscriber additions improved by 20% to 1.7 million from 1.4 million in 2010, and the subscriber base rose to an all-time high of 21.9 million subscribers at year-end.  Self-pay net additions were 1.2 million in 2011, up 24% from 1.0 million in 2010.
  • Stable churn. Self-pay churn was 1.9% in 2011, in-line with 2010’s results.  New vehicle consumer conversion rate was 45% in 2011 compared to 46% in 2010.
  • Strong cost controls. Total cash operating expenses rose 3.7%, while fixed expenses declined by 1.9%.
  • SAC per gross addition declined. Subscriber acquisition costs (SAC) per gross addition improved by 7% to $55 in 2011 from $59 in 2010.
  • Free cash flow grew. Free cash flow climbed to $416 million, up 98% from the $210 million generated in 2010 due to higher operating cash flow and lower capital expenditures.

GAAP net income for 2011 and 2010 was $427 million and $43 million, respectively, or $0.07 and $0.01 per diluted share, respectively.

“We ended the year with $774 million of cash, even after reducing our long-term debt by over $200 million in 2011.  Our leverage at year-end improved to 4.1x our adjusted EBITDA on a gross basis and 3.1x on a net basis,” said David Frear, SiriusXM’s Executive Vice President and Chief Financial Officer.  “With no debt maturities due this year and our growing free cash flow, we expect to end 2012 with nearly $1.5 billion of cash.”

FOURTH QUARTER 2011 HIGHLIGHTS

Fourth quarter 2011 revenue of $784 million was up 7% from the $736 million in the fourth quarter of 2010, while adjusted EBITDA was $167 millionin the fourth quarter of 2011, up 16% from the $144 million in the fourth quarter of 2010.

Highlights from the fourth quarter include:

  • Net subscriber additions climb. Net subscriber additions were 542,966, up 65% compared to the fourth quarter of 2010.  Net self-pay subscriber additions were 374,432, an increase of 7% versus the fourth quarter of 2010.
  • SAC per gross addition improves. Subscriber acquisition cost (SAC) per gross subscriber addition was $55 in the fourth quarter of 2011, a 5% improvement from the $58 reported in the fourth quarter of 2010.
  • Churn remained stable. Average self-pay monthly customer churn was 1.9% in the fourth quarter of 2011, in-line with the 1.9% reported in the fourth quarter of 2010.  New vehicle consumer conversion rate was 44% in the fourth quarter of 2011 compared to 45% in the fourth quarter of 2010.
  • Free cash flow rises. Free cash flow in the fourth quarter of 2011 was $192 million, an increase of 15% compared to $167 million in the fourth quarter of 2010.

GAAP net income (loss) for the fourth quarter of 2011 and 2010 was $71 million and ($81) million, respectively, or $0.01 and ($0.02) per diluted share, respectively.

The discussion of adjusted EBITDA excludes the effects of stock-based compensation and certain purchase price accounting adjustments. A reconciliation of non-GAAP items to their nearest GAAP equivalent is contained in the financial supplements included with this release.

2012 GUIDANCE

The Company expects its subscriber base to grow by approximately 1.3 million net subscribers and end the year at approximately 23.2 million.  The company now expects adjusted EBITDA in 2012 of approximately $875 million, an increase from prior guidance of $860 million.  The Company reiterates its existing 2012 revenue and free cash flow guidance:

  • Revenue of approximately $3.3 billion, and
  • Free cash flow of approximately $700 million.

“With auto sales expected to rise in 2012, and what appears to be only a modest increase in churn associated with our January price increase, we expect to grow our net new subscribers by roughly 1.3 million in 2012, continuing our strong multi-year track record of subscriber growth,” said Karmazin.

The Full 2011 reports can be viewed here.

Sirius XM Radio to Announce Full Year and Fourth Quarter 2011 Results

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Sirius XM Radio today announced that it plans to release full year and fourth quarter 2011 financial and operating results on Thursday, February 9, 2012.

SiriusXM will hold a conference call at 8:00 am ET on Thursday, February 9, 2012 to discuss these results.  Investors and the press can listen to the conference call via the company’s website, www.siriusxm.com, and on its satellite radio service by tuning to Sirius channel 94 or XM channel 145.  The call will also be available on the Sports Zone channel on SiriusXM Internet Radio as well as through the SiriusXM Internet Radio App for the Apple iPad, iPhone, and iPod touch, and on BlackBerry and Android-powered smartphones.

SiriusXM Adds Approximately 1,700,000 Net Subscribers in 2011

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Sirius XM Radio at a conference today announced that it ended the year with nearly 21.9 million subscribers, reporting approximately 540,000 net new subscribers in the fourth quarter and approximately 1,700,000 for the full year 2011.

“Based on preliminary subscriber data, we are very pleased to announce that SiriusXM exceeded its subscriber guidance for the year.  Our subscriber growth accelerated in 2011 as net additions grew approximately 20%, delivering our best year for net additions since the merger and demonstrating the strong continuing demand for our unmatched audio content,” said Mel Karmazin, Chief Executive Officer, SiriusXM.

The company reiterated its existing financial guidance for 2011 and 2012 and expects to announce 2012 subscriber guidance and complete 2011 results in February.

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