Sirius Satellite Radio said on Monday it recently surpassed 4 million
subscribers to its nationwide pay radio service.
Sirius, No. 2 in the nascent market to rival XM Satellite Radio Inc., had
previously said it ended 2005 with 3.3 million subscribers, an increase of 2.2
million, and expects to end 2006 with more than 6 million subscribers.
XM in February said it has more than 6 million subscribers and expects to
reach 9 million by the end of the year.
Both services offer continuous sports, talk, and entertainment programming,
including dozens of commercial-free music stations, all for about $13 a
Sirius’ news follows agreements it struck on Friday with several music
companies to allow their songs to be played on a new radio unit that can store
songs for future playback.
It has reached agreements with Warner Music Group Corp. and Vivendi Universal
SA’s Universal Music Group.
As part of its agreement with Universal, Sirius said it was in "productive
business discussions regarding the distribution of future products" with
Universal Music Group.
On Monday, the company also said it has also reached a deal with Sony BMG
Music Entertainment, a joint venture of Sony Corp. and Bertelsmann AG.
Shares of Sirius closed on Monday up 22 cents, or 4.5 percent, at $5.11,
while XM shares rose 73 cents, or 3.52 percent, to $21.47, both on the