SiriusXM In The News

Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia

iHeart's stock crashed by nearly a quarter (22%) today

US recorded music revenues hit $11.1bn in 2019 and streaming accounted for nearly 80% of it

The RIAA has published its 2019 Year-End US Music Industry Revenue Report

A year after trying to cut songwriters’ pay, Spotify boosts writer visibility with launch of pages feature

New feature wins praise from writers – but bad vibes still lurk in the background

‘There’s nothing more exciting than finding a new idea…’

Raine Group partner Fred Davis talks big deals, new money and Daniel Ek

SoundCloud secures $75m investment from Pandora owner SiriusXM

SiriusXM has purchased $75 million of securities for a minority investment

SiriusXM’s annual revenues were up 35% in 2019, but Pandora’s Monthly Active Users fell by nearly 6m

Pandora had 63.5m MAUs at the end of 2019

SoundExchange paid out $908m to artists and labels in 2019

MBW's estimates SoundExchange's lifetime payouts to members have now reached approximately $7bn

Ethan Baer named SVP of Business Development, Head of Electronic at Create Music Group

Baer is founder and former CEO of EDM.com