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RAIN 11/26: Analysts want Sirius XM to embrace Internet
·Nov 26, 11:39 AM
Posted by: Paul Maloney

Happy Thanksgiving! We’ll publish our next issue of RAIN on Monday. Have an enjoyable and safe holiday.

ANALYST: SIRIUS XM CAN IMPROVE ITS PRODUCT WITH INTERNET RADIO

iStockAnalyst’s Tyler Savery suggests Sirius XM should placate disgruntled subscribers by resurrecting recently shuttered channels online. What’s more, he thinks “there is the possibility that the Internet service could surpass that which is offered over satellite,” by offering a far wider selection than satellite allows. “The Internet is what allows Slacker to have eleven holiday channels to suit any taste rather than the three or four offered by Sirius XM,” Savery writes.

The Internet could also provide a valuable platform for experimentation and channel development. “Sirius XM Radio has an opportunity to embrace Internet radio listeners like never before, and potentially make the Internet service listening a revenue stream rather than an additional cost… Bring back some of those channels that people seem to be clamoring for, and take the next step in creating Sirius XM as an Internet destination for music listening,” he writes. Read the full article from iStockAnalyst here.

THIRD-PARTYBEATING SIRIUS XM TO THE PUNCHWITH SATELLITE RADIO iPHONE APP

Meanwhile, Rick Aristotle Munarriz at Motley Fool sees redemption for Sirius XM by way of a third-party iPhone application. “An iPhone tie-in would be just the ticket in generating buzz for Sirius XM’s scarred investors as well as a great customer retention tool,” writes Munarriz. And he likes StarPlayr’s approach, whom he says “already offers a more advanced streaming alternative for PC and Mac users over the in-house Sirius XM solution.” In addition to streaming Sirius XM channels, StarPlayr promises its app will serve album cover art, iTunes wi-fi links to buy music, lyrics, and “favorites” settings. Read the Motley Fool article here.

MAJORITY OF ATLANTIC RECORDS SALES NOW DIGITAL

Atlantic Records reports that digital music products — like song downloads and ringtones — now account for more than half of its U.S. sales, a milestone now other major label has reached (Atlantic is a unit of the Warner Music Group). But, as the New York Times writes, “With the milestone comes a sobering reality already familiar to newspapers and television producers. While digital delivery is becoming a bigger slice of the pie, the overall pie is shrinking fast.” Read more in The Times here.

HOLT NAMED PRESIDENT OF MYSPACE MUSIC

Former Interscope and MTV digital music executive Courtney Holt has been named president of MySpace Music. The venture, which went live in September, has exchanged equity with record labels for licensing music. For more, read R&R’s coverage here.



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