Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sirius XM Radio Inc declares $0.011 dividendhttp://www.seekingalpha.com/news/3324636
Sirius XM +2.2% as Deutsche Bank, Buckingham rate a Buyhttp://www.seekingalpha.com/news/3323873
CFO: Sirius XM to focus on internal value rather than M&Ahttp://www.seekingalpha.com/news/3322180
SIRI is a great company with a great product! However, it is a broken stock! True it went from near bankruptcy to current day 5.34... but it took nearly ten years to break five dollars-since then—up 3down 3-up 4down four! It’s going nowhere folks-nowhere!
On December 14, 2017, the Copyright Royalty Board, or CRB, of the Library of Congress issued its determination regarding the royalty rate payable by us under the statutory license covering the performance of sound recordings over our satellite radio service, and the making of ephemeral (server) copies in support of such performances, for the five-year period starting January 1, 2018 and ending on December 31, 2022. Under the terms of the CRB’s decision, we are required to pay a royalty of 15.5% of gross revenues, subject to exclusions and adjustments, for the five year period. The rate for 2017 was 11.0%.
The rates and terms permit us to reduce the payment due each month by the percentage of our transmissions of recordings that are directly licensed from copyright owners and the percentage of transmissions that comprise recordings fixed before February 15, 1972, which recordings are not subject to the Copyright Act.
The revenue subject to royalty includes subscription revenue from our U.S. satellite digital audio radio subscribers, and advertising revenue from channels other than those channels that make only incidental performances of sound recordings. Exclusions from revenue subject to the statutory license fee include, among other things:
• monies or other consideration attributable to the sale and/or license of equipment and/or other technology, including but not limited to bandwidth, sales of devices that receive our satellite radio services and any shipping and handling fees therefor;
• royalties paid to us for intellectual property rights;
• sales and use taxes;
• credit card, invoice, activation, swap and early termination fees charged to subscribers and reasonably related to the expenses to which they pertain;
• bad debt expense; and
• revenues attributable to our current and future data services offered for a separate charge (such as weather, traffic, destination information, messaging, sports scores, stock ticker information, extended program associated data, video and photographic images, and such other telematics and/or data services as may exist from time to time); channels, programming, products and/or other services offered for a separate charge where such channels use only incidental performances of sound recordings; channels, programming, products and/or other services provided outside of the United States; and channels, programming, products and/or other services for which the performance of the recordings is exempt from any license requirement or is separately licensed, including by a statutory license.
The parties have fifteen days from the December 14, 2017 determination to move for rehearing. Once the CRB has considered any rehearing motions and responses to such motions, and provided the Register of Copyrights with sixty days to review the determination for any legal error, the Librarian of Congress will publish the final determination in the Federal Register. The parties will have thirty days from that publication to appeal the decision to the U.S. Court of Appeals for the District of Columbia Circuit.
We are in the process of studying and evaluating the rates and terms announced by the Copyright Royalty Board. We also expect to evaluate changes in our pricing, including the amount of our U.S. Music Royalty Fee. We anticipate that the decision will result in an increase in our aggregate royalty expense on an annual basis beginning in 2018. We are not yet able to estimate the impact on our financial statements, although the additional royalty expense could be material.
Still killing it Sirius!
When are they going to create the Bitcoin channel?
24 hours a day live in multiple languages.
Stanford Legal to launch on SiriusXM covering legal issues making headlines today (PR Newswire)
Steve Bannon Returns to SiriusXM's Patriot Channel (PR Newswire)
Sirius XM Goes On Sale $SIRI
http://www.seekingalpha.com/article/4129167http://www.seekingalpha.com/article/4129167
Sirius XM Price Increase Should Boost Revenue $SIRIhttp://www.seekingalpha.com/article/4126691
LL COOL J to Present His Own Curated Classic Hip-Hop Channel "Rock The Bells" Exclusively on SiriusXM (PR Newswire)
Pandora +5.5% after BMO upgrade that envisions Sirius XM buyouthttp://www.seekingalpha.com/news/3312870
Barstool Sports teaming up with SIRI, to launch a new 24/7 channel (PR Newswire)
SIRI to launch the Billy Graham channel.
$7 prediction. Jim Cramer bullish on SIRI. He thinks SIRI will gradually move higher, that it won't "explosively" move to $7. (Benziga) Did he just make a $7 prediction?
Sirius XM Shares Sell Off Following Weak Subscriber Data $SIRI
http://www.seekingalpha.com/article/4118334http://www.seekingalpha.com/article/4118334
Been holding Sirius for a long time, not planning on selling any time soon. Solid company.
Sirius XM CEO Says Ford To Introduce Connectivity $SIRI
http://www.seekingalpha.com/article/4117108http://www.seekingalpha.com/article/4117108
I'm long, too. Excited for the next time she shoots up, because every time is higher than the time before
Congrats on hold for that long
I’m long on Siri. Been here since Stern has moved here. My exit is closer to 6.25 with most stocks purchased @ .18, this is going to pay for my daughters’ wedding!
The shorts are apoplectic. Heh heh heh!
Dang! Wish I had floating cash! I'd add to my holdings. One of these days I'll start keeping a cash float for golden opportunities. It's at $5.57 right now. That won't last. Dang!
Sirius XM beats and raises, adds subscribers again
http://www.seekingalpha.com/news/3303863http://www.seekingalpha.com/news/3303863
SIRI isn't an OTC flipper. This is a serious stock for the long haul. Dividends are up, which means people will start adding to their dividends portfolio.
Steady upward since 2009. Not in a straight line, no good stock does that, but steady upward. On this double good news, I expect that when the dust settles (shorts panicking, or just people taking their profits at an opportune moment), the steady rise will continue and this time, I'm seriously looking for it to hit my target price of $6.10. That's my sell point. I can just about see it over the horizon.
Analysts just gave SIRI a boost to $6.50 but I don't like to skate the icy peaks. I like a gentle exit from a green meadow.
Just my personal opinion. Your mileage may vary
With such great news today I wonder how much it will drop?
Go SIRI! Profits beat analyst estimates. Good news to start the day, YAY!
Sirius XM beats by $0.02, beats on revenue
http://www.seekingalpha.com/news/3303744http://www.seekingalpha.com/news/3303744
Sirius XM beats by $0.02, beats on revenue
http://www.seekingalpha.com/news/3303744http://www.seekingalpha.com/news/3303744
SIRI ups dividend by 10%. Heck, I missed that newswire memo on October 3rd! Cool beans!
With that price target I will stick around a while longer!!
Price target $6.50 up from $6.10 by Bank of America, as per Oct 12 Dow Jones Newswires under headline, "Sirius XM Is Maintained at Buy by Bank of America."
SIRI maintained at BUY by Bank of America, per Oct 12 Dow Jones Newswires under the headline, "Sirius XM Is Maintained at Buy by Bank of America."
Are You Overpaying For Growth Prospects With Sirius XM? $SIRI
http://www.seekingalpha.com/article/4113152
While Berkshire Hathaway buys them from you and says, "Thank you very much".
Price has been rising for a long time. Steady climb upward. TheStreet says BUY. MarketEdge says BUY. The others say HOLD. Nobody says sell on my broker's page.
Sold to soon, price is rising
Sold my position in SIRI today. Price falling back. Figured better take my profit while i still had some. Wish it would move more.
Sirius XM Radio Inc declares $0.011 dividend
http://www.seekingalpha.com/news/3299157
Sirius XM Radio Inc declares $0.011 dividend
http://www.seekingalpha.com/news/3299157
Pandora +1.5% as Sirius XM wraps $480M investment, joins board
http://www.seekingalpha.com/news/3297164
ESPNU Radio debuts on Sirius XM as ESPN, Sirius extend deal
http://www.seekingalpha.com/news/3292423
Easy $6, but I'm thinking $6.25. People follow Buffet. But even before he got in, SIRI has been on the rise steadily since 2009. And even at its lowest, SIRI never split. They fought their way up, and for that I give them serious kudos.
Sirius XM prices add-on offering of $500M in debt
http://www.seekingalpha.com/news/3284932
Sirius XM Radio Inc. Announces Add-on Offering of its 3.875% Senior Notes due 2022 and 5.000% Senior Notes due 2027
Source: PR Newswire (US)
NEW YORK, Aug. 2, 2017 /PRNewswire/ -- SiriusXM announced that its subsidiary, Sirius XM Radio Inc., intends to offer an additional $250 million aggregate principal amount of its 3.875% Senior Notes due 2022 and an additional $250 million aggregate principal amount of its 5.000% Senior Notes due 2027 as an add-on to the existing series of those notes currently outstanding. The notes will be issued to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act.
SIRIUS XM logo. (PRNewsFoto/SIRIUS XM Radio)
The company intends to use the net proceeds from this offering to redeem all of its outstanding 5.25% Senior Secured Notes due 2022 (the "5.25% Secured Notes") and to repay a portion of the borrowings outstanding under its revolving credit facility. Pending application of these amounts, the company currently expects to maintain any excess amount as cash on hand.
As of June 30, 2017, the company had $400 million in aggregate principal amount of 5.25% Secured Notes outstanding. The 5.25% Secured Notes are redeemable on and after August 15, 2017 at 102.625% of the principal amount thereof, plus accrued and unpaid interest.
The securities have not been and will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
This announcement is neither an offer to sell nor a solicitation to buy any of these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio company measured by revenue and has more than 32 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has approximately 2.8 million subscribers. SiriusXM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the intended use of proceeds of the anticipated notes offering. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our substantial competition, which is likely to increase over time; our ability to attract and retain subscribers, which is uncertain; interference to our service from wireless operations; consumer protection laws and their enforcement; unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject to uncertainties; our dependence upon the auto industry; general economic conditions; the security of the personal information about our customers; existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; our failure to realize benefits of acquisitions or other strategic initiatives; rapid technological and industry changes; failure of third parties to perform; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; our principal stockholder has significant influence over our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock; impairment of our business by third-party intellectual property rights; and changes to our dividend policies which could occur at any time. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2016, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication. –
Source: SiriusXM
Contact for SiriusXM:
Hooper Stevens
212-901-6718
Hooper.stevens@siriusxm.com
Patrick Reilly
212-901-6646
patrick.reilly@siriusxm.com
View original content with multimedia:http://www.prnewswire.com/news-releases/sirius-xm-radio-inc-announces-add-on-offering-of-its-3875-senior-notes-due-2022-and-5000-senior-notes-due-2027-300498236.html
SOURCE Sirius XM Holdings Inc.
Copyright 2017 PR Newswire
Sirius XM lower as major auto sales decline
http://www.seekingalpha.com/news/3283929
I do believe we will see $6. The question I have is when? By end of August I'd suspect. Will it hold? To be determined.
I am optimistic. Go SIRI
So you think we will see $6.00 and hold in August?
Followers
|
534
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
30819
|
Created
|
10/08/01
|
Type
|
Free
|
Moderators |
Sirius Satellite Radio Inc. (NasdaqNM:SIRI) 1221 Avenue of the Americas; 36th Floor; New York, NY 10020
Phone: 212-584-5100......................Fax: 212-899-5050
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering the "The Best Radio on Radio" to more than 18 million subscribers, including 100% commercial free music, and premier sports, news, talk, entertainment, traffic and weather.
SIRIUS XM Radio has exclusive content relationships with an array of personalities and artists, including Howard Stern, Oprah, Martha Stewart, Jimmy Buffett, Elvis, Jamie Foxx, Barbara Walters, Frank Sinatra, Opie & Anthony, The Grateful Dead, Willie Nelson, Bob Dylan, Dale Earnhardt Jr., Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball, NASCAR, NHL, and PGA Tour, and broadcasts major college sports.
SIRIUS XM Radio has exclusive arrangements with EVERY major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, Circuit City, RadioShack, Target, Sam's Club, and Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in- vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |