Profile: Sirius XM Holdings Inc (SIRI.O)
Sirius Xm Holdings Inc., incorporated on May 21, 2013, transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its approximately two satellite radio systems. Subscribers can also receive music and other channels, and features, such as SiriusXM On Demand and MySXM, over its Internet radio service, including through applications for mobile devices. The Company also provides connected vehicle services. The Company has agreements with automakers to offer satellite radio in their vehicles. Additionally, the Company distributes its satellite radios through retailers online and at locations across the nation and through its Website, www.siriusxm.com. The Company also offers satellite radio services to customers of certain rental car companies.
The Company has over 30.1 million subscribers of which approximately 24.6 million are self-pay subscribers and over 5.4 million are paid promotional subscribers. Its subscriber totals include subscribers under regular pricing plans; discounted pricing plans; subscribers that have prepaid, including payments either made or due from automakers for subscriptions included in the sale or lease price of a vehicle; subscribers to its Internet services who do not also have satellite radio subscriptions, and certain subscribers to its weather, traffic and data services who do not also have satellite radio subscriptions.
The Company offers programming lineup of commercial-free music plus sports, entertainment, comedy, talk, news, traffic and weather. Its programming line-up includes selection of music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin and classical; live play-by-play sports from leagues and colleges; talk and entertainment channels for a range of audiences; range of national, international and financial news; exclusive limited run channels, and local traffic and weather reports for approximately 20 metropolitan markets throughout the United States.
The Company streams select music and non-music channels over the Internet. The Company's Internet radio service also includes channels and features that are not available on its satellite radio service. Access to Internet services is offered to subscribers for a fee. The Company also offers applications to allow consumers to access its Internet radio service on smartphones and tablet computers. SiriusXM Internet Radio offers listeners programming discovery and the ability to connect with content playing across its commercial-free music, sports, comedy, news, talk and entertainment channels or available through SiriusXM On Demand.
The Company's SiriusXM On Demand offers its Internet radio subscribers listening on online media player and on smartphones the ability to choose their favorite episodes from a catalog of content whenever they want. MySXM permits subscribers to personalize its existing commercial-free music and comedy channels. Channel-specific sliders allow users to create over 100 variations of each of approximately 50 channels by adjusting characteristics, such as library depth, familiarity, music style, tempo, region and multiple other channel-specific attributes. The Company is developing a product, SXM17, which combines its satellite and Internet services into a single, cohesive in-vehicle entertainment experience services.
The Company distributes satellite radios through the sale and lease of new vehicles. Satellite radios are available as a factory and dealer-installed option in vehicle makes sold in the United States. The Company also acquires subscribers through the sale and lease of previously owned vehicles with factory-installed satellite radios. The Company sells satellite and Internet radios directly to consumers through its Website. Satellite radios are also marketed and distributed through national and regional retailers.
The Company offers a portfolio of location-based services through approximately two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, stolen or parked vehicle locator services and monitoring of vehicle emission systems. Its connected vehicle business provides services to several automakers. The Company's other services include commercial accounts, which are available through providers of in-store entertainment solutions and directly from them; Satellite Television Services, which include its music channels, which are offered as part of certain programming packages on the DISH Network satellite television service; Travel Link, which is a suite of data services that includes graphical weather, fuel prices, sports schedules and scores and movie listings; Real-Time Traffic Services that provide graphic information as to road closings, traffic flow and incident data to consumers with in-vehicle navigation systems, and Real-Time Weather Services designed for improving situational awareness in vehicle, marine and/or aviation use.
Sirius XM Holdings Inc
1290 Avenue of the Americas Fl 1
NEW YORK NY 10104-0051