Description
Sirius XM Holdings Inc. is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States. It was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. The company also has a 70% equity interest in Sirius XM Canada, an affiliate company that provides Sirius and XM service in Canada. On 21 May 2013, Sirius XM Holdings, Inc. was incorporated, and in January 2020, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.
The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on 29 July 2008, 17 months after the companies first proposed it. The merger created a company with 18.5 million subscribers, and the deal was valued at US$3.3 billion, not including debt. The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.
In September 2018, the company agreed to purchase the streaming music service Pandora, and this transaction was completed on 1 February 2019. Since then, SiriusXM has grown to be the largest audio entertainment company in North America.
As of 11 April 2021, Sirius XM had approximately 34.9 million subscribers.
Sirius XM Radio is a primary entry point for the Emergency Alert System.
