"Internet Radio Fairness Act" to Level Playing Field for Internet Radio Companies
Five Star Equities Provides Stock Research on Pandora Media and Sirius XM Radio
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/26/12 -- Royalties have always been a major cost for the Radio Industry. Previously, internet net radio companies have had to pay a higher rate of royalties than their cable and satellite radio counterparts. But a recent "Internet Radio Fairness Act" introduced to congress will look to "level the playing field for Internet radio services." Representative Jason Chaffetz said in statement. Five Star Equities examines the outlook for companies in the Broadcasting - Radio Industry and provides equity research on Pandora Media Inc. (NYSE: P) and Sirius XM Radio Inc. (NASDAQ: SIRI).
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According to a statement released last week from Tim Westergren, Pandora's founder and chief strategy officer, approximately 50 percent of the company's revenues are paid out in performance fees, compared to just 7.5 percent for Sirius XM. If passed the new bill would put Pandora and other internet radio providers under the same royalty standards as cable and satellite radio providers.
"Royalty rates for different formats of digital radio are astonishingly unequal," Westergren said. "The discrimination against Internet radio is not only fundamentally unfair, it also undermines the growth of an exciting new form of radio that listeners have embraced, and that provides unprecedented exposure and revenue for thousands of working artists."
Five Star Equities releases regular market updates on the Broadcasting - Radio Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Pandora's Music Genome Project powers the personalization of Pandora internet radio by using musicological "DNA" and constant listener feedback to craft personalized stations. For the second quarter of fiscal 2013, total revenue was $101.3 million, a 51 percent year-over-year increase. Shares of the company surged nearly 4 percent Monday.
Sirius XM Radio is the world's largest radio broadcaster measured by revenue and has 22.9 million subscribers. SiriusXM programming is also available through the SiriusXM Internet Radio App for Android, Apple, and BlackBerry smartphones. For the second quarter of 2012 the company reported record revenue of $838 million.
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Datum: 26.09.2012 - 12:20 Uhr
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News-ID 186907
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