Sirius Announces Quarterly Results: Subscriber Gains – Big Losses
Sirius Satellite Radio showed strong revenue and subscriber gains during the recent third quarter, but suffered big losses. Year-over-year revenues jumped 150 percent to reach $167.1 million. Sirius reported a tally of 5,119,308 subscribers, a jump of nearly three million compared to a year ago. Meanwhile, rival XM Satellite Radio recently reached a subscriber level of 7,185,873, though Sirius is steadily narrowing the gap. During the...
German Music Publishers Demand YouTube Royalties
The German Society for Musical Performing and Mechanical Reproduction Rights (GEMA) is demanding royalties from YouTube. GEMA told the popular video service that it should delete all videos with non-licensed German music, or pay. GEMA says it is currently holding talks with YouTube about possible arrangements. GEMA didn’t want to wait until the takeover of YouTube by Google was finalised with 70,000 new videos every day, there...
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