New Siruius CEO James Meyer thinks Sirius needs to be more involved as streaming audio capabilities continue to evolve for in-car dashboards. According to Radio Ink, in-car apps will continue to be a focal point for them.
We already know that Pandora itself isn’t a threat to Sirius XM’s growth. Pandora’s popularity is growing quickly, yet Sirius XM has closed out each of the past dozen quarters with more subscribers than it had three months earlier.
The fact that the big money asks these questions only validates my continued focus on not what has Sirius XM done lately, but what will the company do tomorrow?
Quick, what are most car radios missing? Answer: a mount to hold the portable device you are connecting to the radio.
In a move that has been a long time coming, Sirius XM (SIRI) is finally taking advantage of the unlimited capabilities on the Internet side of their business.
SXM 2.0 will also “employ WiFi, Bluetooth and Internet to create exciting complements to our core radio services,” said Meyer during a conference call announcing Sirius XM’s Q2 financial results.
On the web, in books, at the movies and now on the radio. Sirius XM Radio has just announced the launch of “LeakyCon Radio,” a three-day channel to celebrate all things Potter timed to the release of the final film, Harry Potter and the Deathly Hallows: Part II which opens Friday.
Pandora’s ( P ) is finally above its pre-IPO price of $16 after a few weeks of wild gyrations in the stock that have ranged from $26 to $12. While our valuation of 1.9 billion implies a near $10 price estimate , we look at a scenario on how to justify the current $2.8 billion market cap – near $17 stock price – as the company fends off competitors like local AM/FM radio stations, other Internet radio stations and satellite radio leader Sirius XM Radio (NASDAQ:SIRI).