The merger created a company with 18.5 million subscribers, and the deal was valued at US$3.3 billion, not including debt. on July 29, 2008, 17 months after the companies first proposed it. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc. was incorporated, and in January 2020, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc.
On May 21, 2013, Sirius XM Holdings, Inc. The company also has a 70% equity interest in Sirius XM Canada, an affiliate company that provides Sirius and XM service in Canada. It was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States. To read this article on click here.Sirius XM Holdings Inc.
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(SIRI) : Free Stock Analysis Reportĭiscovery, Inc.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. On a year-to-date basis, iHeartMedia’s shares have returned 48.3% compared with Apple’s rise of 27.9%.
SiriusXM has also underperformed its peers iHeartMedia and Apple. SiriusXM’s shares have declined 0.3% year to date compared with the Zacks Broadcast Radio and Television’s rise of 4.5%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Marvel Channel on Apple Podcasts also features the first installment of the new Marvel’s Wastelanders series, Marvel's Wastelanders: Star-Lord.ĭespite stiff competition from the likes of iHeartMedia IHRT and Apple, this presently Zacks Rank #3 (Hold) company is likely to continue with its growth momentum drive by strong content. The customers can now access the free Marvel channel on Apple Podcasts, which feature popular Marvel + SXM Podcasts original series, including Marvel's Wolverine: The Long Night and its sequel Marvel's Wolverine: The Lost Trail. Marvel Podcasts Unlimited is a premium audio entertainment subscription for global Marvel fans, which will be available exclusively on the new Marvel channel on Apple AAPL Apple Podcasts. SiriusXM partnered with Marvel Entertainment to launch Marvel Podcasts Unlimited. In addition to this, the original creators of the podcast will also be hosting a live weekly radio show on SiriusXM. Stitcher signed an agreement with the critically acclaimed comedy horror podcast, The Last Podcast on the Left in October.Īs part of its three-year agreement, the podcast is expected to return on podcast platforms and RSS feeds in 2022.
The acclaimed series, which went off-air by the mid of 2021, has been relaunched on Stitcher with new episodes.
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SiriusXM’s Stitcher recently acquired The Bellas Podcast, hosted by TV personalities Brie and Nikki Bella. Consumers will be provided with access to Discovery+ with their SiriusXM subscription plans.ĭiscovery+ offers 60,000 episodes of contemporary and classic shows from Discover’s large portfolio of networks, which includes HGTV, TLC, ID, Discovery Channel, Animal Planet and Food Network, among others.Ĭontent acquisition is expected to boost user growth. The company and Discovery DISCA recently entered into a strategic partnership to create more value-adding content, providing customers with more choice. Expanding podcast efforts of the company fit well with the existing advertising-led focus on AdWizz and Pandora.Įxpanding partner base bodes well for SiriusXM. SiriusXM’s subscriber-base expansion is anticipated to continue owing to a robust content portfolio. Focus on Podcast Initiatives to Boost Top-Line Growth
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