![]() ![]() plus 23 million trial-users isn't up for debate and produced more than $6.8 billion in 2017 revenue. Meyer was reassuring that management isn't looking for a tussle with record labels and said, "Quite candidly, we need them for our product to be successful."īut the companies' headline-boast that their combination will be the "world's largest audio entertainment company" remains to be seen, although SiriusXM's 36 million paid subscribers in the U.S. Dicey details remaining to be worked out include bottom-line royalty payments and whether SiriusXM's majority owner, Liberty Media, might have synergy plans to tie-in with its stake in Live Nation. While surrounded by speculation about the different directions the combined entity might pursue, Meyer also said, "We're going to concentrate a lot on making sure that Pandora and SiriusXM go together successfully."įrom afar, the satellite radio giant offers business stability and deep pockets to the relationship while Pandora opens up potential internet innovations, including its recently developed online advertising platform. ![]() "The addition of Pandora diversifies SiriusXM's revenue streams with the U.S.'s largest ad-supported audio offering, broadens our technical capabilities, and represents an exciting next step in our efforts to expand our reach out of the car even further," said SiriusXM CEO Jim Meyer. Back in June 2017, SiriusXM took a 19 percent stake in Pandora for $480 million, and this marriage proposal represents a fresh vote of confidence in its future prospects. 24 in an all-stock transaction valued at $3.5 billion. SiriusXM announced its intent to acquire music service Pandora Media on Sept. At least under the Music Modernization Act, which just passed Congress, we know both services will have to pay fair rates to all of the artists and songwriters whose music they play.” -Conversations In Advocacy #37 “The combination of SiriusXM and Pandora could have a huge impact on digital streaming. ![]()
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