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../ Despite Deals Satellite Radio StrugglingSirius Satellite Radio Inc. and XM Satellite Radio Holdings both posted losses in the third quarter despite some high-profile deal announcements. XM, based in Washington DC, reported a net loss of $118 million even with revenue increasing from $27 million to $65 million, while Sirius' net loss was $169 million in spite of revenue swelling to $19 million from $4 million a year earlier.Both Satellite networks have announced major deals to help boost programming. Most notably, Sirius, who only has about 20% of the market, announced a deal with Howard Stern that would bring him over to the network in 2006 when his contract expires. Sirius is positioning itself as the satellite equivalent of cable's ESPN with multi-million dollar deals with both the National Football League and Major League Baseball. XM has a reported subscriber base of 2.5 million and Sirius recently hit the 600,000 mark. The Future: It's all about subscribers. Both XM and Sirius were recently able to make significant deals with content providers, but their audience numbers are still miniscule. The $500 million Howard Stern deal raised many eyebrows when analysts wondered out loud how exactly they were going to afford that monstrous amount. The future really lies in the portable market. Conveniently sized portable units could be the real tipping point in getting consumers who want choice in their radio programming to migrate to satellite radio.
Copyright © 2004 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. Be the first to hear about Experiments In Sound by joining Futuremusic Direct.
Part of Experiments In Sound, TestDrive will feature the lab results of our DJ Experiments so that everyone can get in on the action. Take the latest electronic music releases, mix vigorously with bleeding-edge DJ technology in a large beeker, and then cook the hell out of it! Be the first to hear about TestDrive by joining Futuremusic Direct.
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...
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