NEW YORK, Dec. 16, 2021 /PRNewswire/ -- SiriusXM
announced today a new benefit to deliver even more value to
listeners with a special offer for Apple Music.
New and existing subscribers to SiriusXM's Platinum VIP plan can
activate 12 months of Apple Music for free with their SiriusXM
subscription. Apple Music provides consumers access to a catalog of
over 90 million songs and 30,000 playlists ad-free, online or off.
With Apple Music, Platinum VIP subscribers can also access spatial
audio to hear sound all around, time-synced lyrics, music videos,
and exclusive artist-hosted shows on the Apple Music 1, Apple Music
Country and Apple Music Hits global livestreams across their
favorite devices.
Platinum VIP is SiriusXM's newest and most comprehensive
subscription tier, and includes access to SiriusXM in up to two
vehicles and up to two SXM App logins. Platinum VIP subscribers
also get other benefits including access to a selection of more
than 5000 official live concert video and audio recordings via
nugs.net and the ability to activate a subscription to the
discovery+ streaming service. To see Offer Details and for more
information on SiriusXM's Platinum VIP subscription visit:
https://www.siriusxm.com/offers/platinum-vip. Additionally, early
next year, SiriusXM expects to launch a separate special offer for
up to six months of Apple Music free with the purchase of a
qualifying SiriusXM subscription plan.
"Apple Music is a premium subscription music streaming service
that offers our listeners a vast library of songs, playlists, music
videos, global livestreams and more across every genre, and our
Platinum VIP subscribers will find it an excellent complementary
audio offering to SiriusXM's unparalleled lineup of curated and
hosted music channels, live sports and talk programming," said
Richard Beatty, SiriusXM's Chief
Subscription Revenue Officer.
Platinum VIP level subscriptions include all of the content
SiriusXM offers listeners - more than 300 channels. These include
Howard Stern's two exclusive
channels, live games and events from every major professional sport
as well as hundreds of college games, an unparalleled selection of
ad-free music channels covering every genre, plus entertainment,
news, comedy and more.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio
entertainment company in North
America, and the premier programmer and platform for
subscription and digital advertising-supported audio products.
SiriusXM's platforms collectively reach approximately 150 million
listeners, the largest digital audio audience across paid and free
tiers in North America, and
deliver music, sports, talk, news, comedy, entertainment and
podcasts. Pandora, a subsidiary of SiriusXM, is the largest
ad-supported audio entertainment streaming service in the U.S.
SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz
make it a leader in podcast hosting, production, distribution,
analytics and monetization. The Company's advertising sales
organization, which operates as SXM Media, leverages its scale,
cross-platform sales organization and ad tech capabilities to
deliver results for audio creators and advertisers. SiriusXM,
through Sirius XM Canada Holdings, Inc., also offers satellite
radio and audio entertainment in Canada. In addition to its audio entertainment
businesses, SiriusXM offers connected vehicle services to
automakers. For more about SiriusXM, please go
to: www.siriusxm.com.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: the COVID-19 pandemic is
adversely impacting our business; we face substantial
competition and that competition is likely to increase over time;
our efforts to attract and retain subscribers and listeners, or
convert listeners into subscribers, which may not be successful,
and may adversely affect our business; we engage in extensive
marketing efforts and the continued effectiveness of those efforts
is an important part of our business; we rely on third parties for
the operation of our business, and the failure of third parties to
perform could adversely affect our business; we may not realize the
benefits of acquisitions and other strategic investments and
initiatives; a substantial number of our Sirius XM subscribers
periodically cancel their subscriptions and we cannot predict how
successful we will be at retaining customers; our ability to
profitably attract and retain subscribers to our Sirius XM service
as our marketing efforts reach more price-sensitive consumers is
uncertain; our business depends in large part on the auto industry;
failure of our satellite would significantly damage our business;
our Sirius XM service may experience harmful interference from
wireless operations; our Pandora ad-supported business has suffered
a substantial and consistent loss of monthly active users, which
may adversely affect our Pandora business; our failure to convince
advertisers of the benefits of our Pandora ad-supported service
could harm our business; if we are unable to maintain revenue
growth from our advertising products, particularly in mobile
advertising, our results of operations will be adversely affected;
changes in mobile operating systems and browsers may hinder our
ability to sell advertising and market our services; if we fail to
accurately predict and play music, comedy or other content that our
Pandora listeners enjoy, we may fail to retain existing and attract
new listeners; privacy and data security laws and regulations may
hinder our ability to market our services, sell advertising and
impose legal liabilities; consumer protection laws and our failure
to comply with them could damage our business; failure to comply
with FCC requirements could damage our business; if we fail to
protect the security of personal information about our customers,
we could be subject to costly government enforcement actions and
private litigation and our reputation could suffer; interruption or
failure of our information technology and communications systems
could impair the delivery of our service and harm our business; the
market for music rights is changing and is subject to significant
uncertainties; our Pandora services depend upon maintaining complex
licenses with copyright owners, and these licenses contain onerous
terms; the rates we must pay for "mechanical rights" to use musical
works on our Pandora service have increased substantially and these
new rates may adversely affect our business; our use of pre-1972
sound recordings on our Pandora service could result in additional
costs; failure to protect our intellectual property or actions by
third parties to enforce their intellectual property rights could
substantially harm our business and operating results; some of our
services and technologies may use "open source" software, which may
restrict how we use or distribute our services or require that we
release the source code subject to those licenses; rapid
technological and industry changes and new entrants could adversely
impact our services; we have a significant amount of indebtedness,
and our debt contains certain covenants that restrict our
operations; we are a "controlled company" within the meaning of the
NASDAQ listing rules and, as a result, qualify for, and rely on,
exemptions from certain corporate governance requirements; while we
currently pay a quarterly cash dividend to holders of our common
stock, we may change our dividend policy at any time; and our
principal stockholder has significant influence, including over
actions requiring stockholder approval, and its interests may
differ from the interests of other holders of our common stock; if
we are unable to attract and retain qualified personnel, our
business could be harmed; our facilities could be damaged by
natural catastrophes or terrorist activities; the unfavorable
outcome of pending or future litigation could have an adverse
impact on our operations and financial condition; we may be exposed
to liabilities that other entertainment service providers would not
customarily be subject to; and our business and prospects depend on
the strength of our brands. Additional factors that could cause our
results to differ materially from those described in the
forward-looking statements can be found in our Annual Report on
Form 10-K for the year ended December 31, 2020, which is filed with
the Securities and Exchange Commission (the "SEC") and available at
the SEC's Internet site (http://www.sec.gov). The
information set forth herein speaks only as of the date hereof, and
we disclaim any intention or obligation to update any forward
looking statements as a result of developments occurring after the
date of this communication.
Source: SiriusXM
Media contact:
Andrew
FitzPatrick, Andrew.FitzPatrick@SiriusXM.com
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SOURCE Sirius XM Holdings Inc.