|Bid||7.17 x 800|
|Ask||7.17 x 38800|
|Day's Range||7.16 - 7.23|
|52 Week Range||5.23 - 7.23|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||34.98|
|Earnings Date||Feb. 03, 2020|
|Forward Dividend & Yield||0.05 (0.74%)|
|Ex-Dividend Date||Nov. 05, 2019|
|1y Target Est||7.38|
How far off is Sirius XM Holdings Inc. (NASDAQ:SIRI) from its intrinsic value? Using the most recent financial data...
(Bloomberg) -- The U.S. Justice Department is readying a lawsuit against Live Nation Entertainment Inc. over alleged violations of conditions imposed on the company by regulators when it bought Ticketmaster nearly a decade ago, according to a person familiar with the matter.The department’s antitrust division approved the merger in 2010 after imposing a host of rules that that were intended to protect competition in live music promotion and ticketing.That agreement expires next year, and the division has been investigating complaints from industry players that it isn’t working as intended.The Justice Department and Live Nation declined to comment. Live Nation, the world’s largest promoter, fell as much as 8.2% to $34.74 after the Wall Street Journal reported on the department’s plans.Rising Ticket PricesThe government investigation comes as prices for music concerts are skyrocketing. The live-music industry surpassed $8 billion in revenue in 2017, and is on pace for another record in 2019. Live Nation touts its ability to charge higher prices.Fan Freedom, an advocacy group, applauded the pending suit, saying that Live Nation has “exercised almost complete control over the primary ticket-sales market and has developed restrictive policies and technologies that stifle competition in the secondary market.”“This level of control harms live music fans because it limits consumer choice when it comes to purchasing concert tickets,” Chris VanDeHoef, the group’s president, said in a statement. Largest Promoter Fan Freedom is backed by Ticketmaster rival StubHub Inc. and the National Consumer League, according to the group. Live Nation merger with Ticketmaster united the world’s largest concert promoter with the dominant ticket seller in North America. The Justice Department approved the deal a year later, but imposed limits on Live Nation, including a ban on retaliating against any concert site that signs a ticketing deal with a competitor to Ticketmaster. That curb expires next year. Industry executives have long complained in private about the power of Live Nation. Even with the federal consent decree, executives have argued venues would fear picking a rival to Ticketmaster because Live Nation would then direct its artists to competing venues.Liberty MediaLive Nation accounted for more than four times more ticket sales than any other promoter last year, according to Pollstar, an industry trade publication. Fans purchased 49.5 million tickets to Live Nation events, and 11.6 million tickets to events from AEG Presents.The reported Justice Department scrutiny coincides with plans by Live Nation’s largest shareholder, John Malone’s Liberty Media Corp., to increase its stake in IHeart Media Inc., the largest radio station owner. That would add to holdings that already include Sirius XM Holdings Inc. and Pandora Media, along with Live Nation and Ticketmaster.IHeart shares surged on a Journal report saying Malone was considering the move. But they pared their gains Friday after the Live Nation lawsuit came to light, a possible sign that an IHeart deal is now more of a long shot.(Updates with Fan Freedom description in eighth paragraph.)To contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Lucas Shaw in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, ;Sara Forden at email@example.com, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Jim Meyer has been the CEO of Sirius XM Holdings Inc. (NASDAQ:SIRI) since 2012. First, this article will compare CEO...
Pandora, the most popular music streaming app in the U.S., today announced that its redesigned mobile experience is now available for all listeners after initially rolling out to select users in October. The new features are designed to enhance discovery and give listeners exposure to Pandora’s vast library of on-demand music and podcasts, personalized content recommendations, and a wide selection of unique programming across all tiers of service: free ad-supported, Pandora Plus, or Pandora Premium. The features light-up alongside a sweeping, multi-channel brand campaign that boldly weaves music, humor, and a vibrant new visual identity into a fresh narrative for the beloved streaming leader.
Pandora and SiriusXM announced today that they are giving music fans the best holiday party ever when the GRAMMY® Award-nominated, multi-Platinum artist Halsey will perform for the final installment of the Pandora Live concert series of 2019. Fans not lucky enough to see Halsey’s performance in person can experience her set in real-time in a “silent disco” in the heart of Times Square. Fans unable to attend the show, either in Brooklyn or Times Square, can still share in the excitement by listening to SiriusXM’s rebroadcasts of the event starting Friday Dec. 13, on SiriusXM Hits 1 (ch.
Pandora and SiriusXM announced today that Pandora Live: El Pulso featuring Farruko and Paloma Mami will return to The Academy in Los Angeles on December 4. El Pulso, Pandora’s destination station for Latin music, features the most exciting and impactful contemporary artists who are breaking through genre barriers.
We wouldn't blame Sirius XM Holdings Inc. (NASDAQ:SIRI) shareholders if they were a little worried about the fact that...
Sirius XM (SIRI) delivered earnings and revenue surprises of -16.67% and 1.51%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Pandora and SiriusXM announced today that two-time ACM Award Group of the Year winners, Old Dominion will perform in Nashville as part of the “Pandora Live” concert series. CMA Awards New Artist of the Year nominee Carly Pearce and Ryan Griffin are confirmed to open the show that will take place at Nashville’s Marathon Music Works on November 25.
Sirius XM (SIRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
Is it time for investors buy streaming music giant Spotify stock on the dip even as Apple and Amazon boost their streaming offerings...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...