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February 25, 2006 ../ Satellite Radio Reports Wider LossXM Satellite Radio Holdings and Sirius Satellite Radio both posted big losses during the fourth quarter. Both stocks plummeted close to 10% revealing that the new format still has a long way to go despite support from Detroit's automakers. Sirius reported a loss of $311 million on revenue of $80 million up from $252 million a year earlier. XM had a loss of $268 million compared to $188 last year.XM was also set back by the sudden resignation of CEO Pierce Roberts who publicly stated he didn't approve of the company's "direction" and felt XM would go through a major "crisis" in the near future. Not pretty. The losses stem from the high cost of marketing and name-brand programming talent. Sirius' deal with Howard Stern reportedly is worth $580 million while XM paid through the nose for Major League Baseball rights. Investors have remained skittish despite increased subscriber numbers, XM now has 6 million and Sirius has almost 3.5 million.
The Future: Warner Satellite radio has major threats looming
from technology. The immediate threat stems from pirated broadcasts of Stern's popular Sirius show being fervently traded by fans online.
The Stern devoted only have to wait a few hours before the latest show is available online for download.
Copyright © 2006 Futuremusic® All Rights Reserved. |
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 As the name correctly implies, Experiments In Sound, is Futuremusic's latest endeavor for pushing electronic music technology to the very edge of what's possible. Experiments In Sound grew out of Futuremusic's avant-garde events in New York City that featured DJ's taking mixing and live sound reinforcement to a whole new level with the very latest gear and software. Now Experiments In Sound has become The Ultimate Mix Contest...
After the tremendous success of our groundbreaking The Next Big Thing DJ Contest, Futuremusic has decided to once again create a new paradigm...
Futuremusic wants to thank everyone who participated in The Next Big Thing 2004. John Digweed, Beatport, Alienware, M-Audio, Native Instruments, IK Multimedia, PVDJ, PK Graphics, Ableton, The DubHouse, Propellerheads, Technics, FreeFloat, The Church, PCDJ and every DJ who entered this year's event thank you. From the sheer number of quality mixes, we can tell you that dance music is thriving in the United States. The amount of outstanding talent and creativity really blew us away, and every DJ who's putting their heart, mind and soul behind the music is a winner. John Digweed has made his decision and the winner is... Think you got skills?? Then start practicing!
News Archives
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