Back Sirius XM Danish Sirius XM German سیریوس اکس‌ام Persian Sirius XM Radio Finnish Sirius XM French Sirius XM HE Sirius XM ID Sirius XM Italian シリウスXMラジオ Japanese Sirius XM Portuguese

Sirius XM

SiriusXM Holdings Inc.
Company typePublic subsidiary
IndustryRadio broadcasting
Predecessors
FoundedJuly 29, 2008 (2008-07-29)
Founders
Headquarters1221 Avenue of the Americas,
New York City
,
U.S.
Area served
United States and Canada
Key people
Products
RevenueDecrease US$8.953 billion (2023)
Decrease US$1.946 billion (2023)
Increase US$1.258 billion (2023)
Total assetsIncrease US$10.37 billion (2023)
Total equityNegative increase US$−2.56 billion (2023)
Number of employees
5,680 (2023)
ParentLiberty Media (84%)
Subsidiaries
Websitesiriusxm.com
Footnotes / references
[1]

Sirius XM Holdings Inc. is an American broadcasting corporation headquartered in Midtown Manhattan, New York City, that provides satellite radio and online radio services operating in the United States. The company was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. The company also has a 70% equity interest in Sirius XM Canada,[2] an affiliate company that provides Sirius and XM service in Canada. On May 21, 2013, Sirius XM Holdings, Inc. was incorporated,[2] and in January 2020, SiriusXM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.[3]

The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed it.[4] The merger created a company with 18.5 million subscribers,[4] and the deal was valued at US$3.3 billion, not including debt.[5] The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.[5]

In September 2018, the company agreed to purchase the streaming music service Pandora,[6][7] and this transaction was completed on February 1, 2019.[8] Since then, SiriusXM has grown to be the largest audio entertainment company in North America.[9]

As of July 12, 2022, SiriusXM had approximately 34 million subscribers.[2]

SiriusXM Radio is a primary entry point for the Emergency Alert System.[10]

  1. ^ "2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 1, 2023. Retrieved March 2, 2024.
  2. ^ a b c "2019 Form 10-K Annual Report" (PDF). SiriusXM Holdings. Retrieved July 21, 2020.
  3. ^ "SiriusXM Annual Report and Proxy 2013" (PDF). shareholder.com. 2013. Archived from the original (PDF) on January 4, 2015. Retrieved July 27, 2014.
  4. ^ a b "Sirius completes acquisition of XM Satellite". Reuters. July 28, 2008.
  5. ^ a b Hart, Kim (July 26, 2008). "Satellite Radio Merger Approved". The Washington Post.
  6. ^ "Charte d'édition électronique signée par Le Monde, l'Agefi, La Tribune, Libération, Investir, ZDNet et le Geste". Legicom. 21–22 (1): 188–189. 2000. doi:10.3917/legi.021.0188. ISSN 1244-9288.
  7. ^ Steele, Anne; Prang, Allison (September 24, 2018). "Sirius XM to Buy Pandora in Bet on Streaming Music". The Wall Street Journal. ISSN 0099-9660. Retrieved September 25, 2018.
  8. ^ Munarriz, Rick (April 20, 2019). "Sirius XM Finally Ends Pandora's Misery". The Motley Fool.
  9. ^ Reilly, Patrick. "Howard Stern Extends His Agreement With SiriusXM" (Press release). PR Newswire. Retrieved December 8, 2020.
  10. ^ "FEMA Approves SiriusXM Channels As EAS Source". insideradio.com. November 13, 2018. Retrieved July 21, 2020.

Developed by StudentB