SiriusXM
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Basic information | |
---|---|
Founded | 1990 |
Type | Public |
Industry | Radio |
Official website | https://siriusxm.com |
SiriusXM (also known as SiriusXM Holdings) is a radio streaming service founded in 1990 by David Margolese[1] and Martine Rothblatt.[2] The company went public on September 13, 1994.[3]
Consumer impact summary
$2
Incidents
This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the SiriusXM category.
Lifetime licenses (2019)
In 2019, a lawsuit was filed alleging the lifetime memberships that costed $357-$755 should be good for the life of the consumer rather than the device itself.[4] The lawsuit was settled in 2021, with 964,000 individuals receiving $421.5 million in benefits.[5] These benefits included either to reactivate the lifetime subscription or recover $100 according to the attorneys associated with the case.[6]
A similar suit was filed in 2018, but was later dismissed and settled out of court in 2020.[7] SiriusXM no longer offers lifetime memberships.
Subscription cancellation (2024)
In November 2024, a New York judge found SiriusXM liable for the “long and burdensome” process of cancelling a SiriusXM subscription, which violated the Restore Online Shoppers' Confidence Act.[8] The lawsuit was filed in December 2023 and it was reported it took 11 minutes to cancel over phone and 30 minutes to do so online.[9]
Products
See also
References
- ↑ https://www.jpost.com/author/david-margolese
- ↑ https://www.forbes.com/profile/martine-rothblatt/
- ↑ https://investor.siriusxm.com/company-information/faq
- ↑ Forrester, Chris (2021-02-11). "SiriusXM loses 'Lifetime Sub' lawsuit". Advanced-Television.com. Retrieved 2025-03-13.
- ↑ "Nearly 1 Million People Will Get Lifetime Subscriptions In SiriusXM Settlement". InsideRadio.com. 2021-02-12. Retrieved 2025-03-13.
- ↑ Loritsch, Windy (2021-03-11). "$420 Million SiriusXM Lifetime Subscription Settlement". Ahdoot Wolfson. Retrieved 2025-03-13.
- ↑ Bucher, Anne; Toth, Danielle (2022-12-29). "SiriusXM class action over lifetime subscription dismissed". TopClassActions.com. Retrieved 2025-03-13.
- ↑ https://www.theverge.com/2024/11/22/24303294/sirius-xm-cancellation-process-illegal-ny-ag
- ↑ https://www.reuters.com/legal/sirius-xm-found-liable-new-york-lawsuit-over-subscription-cancellations-2024-11-22/
- ↑ https://corporate.siriusxm.com/