Sirius
XM Radio, Inc. provides satellite radio services. The corporation offers a
programming lineup channel to subscribers, that embody channels of
commercial-free music and channels of sports, news, talk, recreation, traffic
and weather. It conjointly provides music channels that supply music genres,
starting from rock, pop and hip-hop to country, dance, jazz music, Latina and
traditional, programs of sports, speak
and recreation channels, comedy channels and spiritual channels. The corporate
engages within the distribution of satellite radios to be used in cars, trucks,
homes, offices, boats or different locations.
Sirius
XM Radio (NASDAQ: SIRI) and Hyundai Motor America declared yesterday that they
might be extending the agreement for Hyundai new-car patrons to receive 3 free
months of the satellite radio service. The extension is for 3 years. It is a
little bit of a no brainer, really. Automakers heat up to Dog Star XM as a
result of it generates revenue, and Dog Star XM wins once dealerships sharply
promote the deserves of satellite radio. Sirius XM ought to have the whip hand
in these negotiations. After all, it is not as if automobile showrooms have
abundant of a selection.
Sirius
XM (NASDAQ: SIRI) may be a nice example of once 2 firms that want to play for
membership greenbacks decide that they will work higher collectively with each
other. Back after they were 2 completely different firms they battled for
market share between the various automakers, however currently they need
agreements with each major car company. Whereas I really like the competition,
I admit that generally consolidation works well once you need to lock down a
market niche.
