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Stock Market & Financial Investment News

News Breaks
February 6, 2013
06:10 EDTSIRISirius XM downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded shares due to valuation. Price target is $3.25.
News For SIRI From The Last 14 Days
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October 1, 2014
19:59 EDTSIRISirius XM to appeal Turtles lawsuit decision over songs recorded pre-1972
Sirius XM plans to appeal a federal-court decision that found the company had violated California copyright law by broadcasting songs recorded before 1972, specifically songs by the 60s rock band The Turtles, without the permission of the band. CFO David Frear said at the Deutsche Bank Leveraged Finance Conference, "We intend to appeal this decision all the way through the appeal process."
11:50 EDTSIRISirius XM backs net self-pay subscriber additions approximately 1.25M in FY14
Comment from Deutsche Bank 22nd Annual Leveraged Finance Conference.
September 23, 2014
13:09 EDTSIRIJudge rules Sirius XM infringed copyrights by playing songs recorded pre-1972
In a $100M royalty lawsuit between the rock band The Turtles and Sirius XM (SIRI), a California federal judge ruled that Sirius XM infringed copyrights and violated California state laws by broadcasting songs recorded before 1972 without paying royalties for the performance of the recording. Judge Philip Gutierrez ruled that the music industry can claim additional copyright in broadcasted songs that were recorded before 1972. The ruling can have a far reaching impact on digital radio providers who may have to cough up additional royalty fees for playing songs recorded before 1972. Pandora (P) is also a digital radio provider. Reference Link

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