SiriusXM: Difference between revisions
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'''[[wikipedia:SiriusXM|SiriusXM]]''' (also known as '''SiriusXM Holdings''') is a radio streaming service founded in 1990 by David Margolese<ref>https://www.jpost.com/author/david-margolese</ref> and Martine Rothblatt.<ref>https://www.forbes.com/profile/martine-rothblatt/</ref> The company went public on September 13, 1994.<ref>https://investor.siriusxm.com/company-information/faq</ref> | '''[[wikipedia:SiriusXM|SiriusXM]]''' (also known as '''SiriusXM Holdings''') is a radio streaming service founded in 1990 by David Margolese<ref>{{Cite web|url=https://www.jpost.com/author/david-margolese|title=David Margolease|work=The Jerusalem Post|access-date=2025-03-15|archive-url=https://web.archive.org/web/20241103070437/https://www.jpost.com/author/david-margolese|archive-date=2024-11-03|url-status=live}}</ref> and Martine Rothblatt.<ref>{{Cite web|url=https://www.forbes.com/profile/martine-rothblatt/|title=Martine Rothblatt|work=Forbes|access-date=2025-03-15|archive-url=https://web.archive.org/web/20250114181358/https://www.forbes.com/profile/martine-rothblatt/|archive-date=2025-01-14|url-status=live}}</ref> The company went public on September 13, 1994.<ref>{{Cite web|url=https://investor.siriusxm.com/company-information/faq|title=FAQ|work=SiriusXM Investor|access-date=2025-03-15|archive-url=https://web.archive.org/web/20250214111258/https://investor.siriusxm.com/company-information/faq|archive-date=2025-02-14|url-status=live}}</ref> | ||
==Consumer impact summary== | ==Consumer impact summary== | ||
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* Market Control}} | * Market Control}} | ||
$ | ====Business model==== | ||
SiriusXM relies on monthly subscriptions on its users, with the current prices being $24.98 for the "All Access" and $9.99 for the "Build a plan".<ref>{{Cite web|url=https://www.siriusxm.com/plans|title=Packages, Plans & Price|work=SiriusXM|access-date=2025-03-15|archive-url=https://web.archive.org/web/20250311162527/https://www.siriusxm.com/plans|archive-date=2025-03-11|url-status=live}}</ref> | |||
==Incidents== | ==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 [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | ||
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===Subscription cancellation (''2024'')=== | ===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.<ref>https://www.theverge.com/2024/11/22/24303294/sirius-xm-cancellation-process-illegal-ny-ag</ref> 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.<ref>https://www.reuters.com/legal/sirius-xm-found-liable-new-york-lawsuit-over-subscription-cancellations-2024-11-22/</ref> | 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.<ref>{{Cite web|url=https://www.theverge.com/2024/11/22/24303294/sirius-xm-cancellation-process-illegal-ny-ag|title=Judge rules SiriusXM’s annoying cancellation process is illegal|first=Emma|last=Roth|date=2024-11-22|work=TheVerge|access-date=2025-03-15|archive-url=https://web.archive.org/web/20250120124020/https://www.theverge.com/2024/11/22/24303294/sirius-xm-cancellation-process-illegal-ny-ag|archive-date=2025-01-20|url-status=live}}</ref> 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.<ref>{{Cite web|url=https://www.reuters.com/legal/sirius-xm-found-liable-new-york-lawsuit-over-subscription-cancellations-2024-11-22/|title=Sirius XM found liable in New York lawsuit over subscription cancellations|first=Jonathan|last=Stempel|date=2024-11-22|work=Reuters|access-date=2025-03-15|archive-url=https://archive.ph/stLh8|archive-date=2024-11-24|url-status=live}}</ref> | ||
==Products== | ==Products== | ||
* [[Pandora]]<ref>https://corporate.siriusxm.com/</ref> (January 2000) | * [[Pandora]]<ref>{{Cite web|url=https://corporate.siriusxm.com/|title=Corporate|work=SiriusXM|access-date=2025-03-15|archive-url=https://web.archive.org/web/20250305234311/https://corporate.siriusxm.com/|archive-date=2025-03-05|url-status=live}}</ref> (January 2000) | ||
==See also== | ==See also== | ||
Latest revision as of 18:33, 15 March 2025
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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[edit | edit source]
Business model[edit | edit source]
SiriusXM relies on monthly subscriptions on its users, with the current prices being $24.98 for the "All Access" and $9.99 for the "Build a plan".[4]
Incidents[edit | edit source]
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)[edit | edit source]
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.[5] The lawsuit was settled in 2021, with 964,000 individuals receiving $421.5 million in benefits.[6] These benefits included either to reactivate the lifetime subscription or recover $100 according to the attorneys associated with the case.[7]
A similar suit was filed in 2018, but was later dismissed and settled out of court in 2020.[8] SiriusXM no longer offers lifetime memberships.
Subscription cancellation (2024)[edit | edit source]
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.[9] 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.[10]
Products[edit | edit source]
See also[edit | edit source]
References[edit | edit source]
- ↑ "David Margolease". The Jerusalem Post. Archived from the original on 2024-11-03. Retrieved 2025-03-15.
- ↑ "Martine Rothblatt". Forbes. Archived from the original on 2025-01-14. Retrieved 2025-03-15.
- ↑ "FAQ". SiriusXM Investor. Archived from the original on 2025-02-14. Retrieved 2025-03-15.
- ↑ "Packages, Plans & Price". SiriusXM. Archived from the original on 2025-03-11. Retrieved 2025-03-15.
- ↑ 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.
- ↑ Roth, Emma (2024-11-22). "Judge rules SiriusXM's annoying cancellation process is illegal". TheVerge. Archived from the original on 2025-01-20. Retrieved 2025-03-15.
- ↑ Stempel, Jonathan (2024-11-22). "Sirius XM found liable in New York lawsuit over subscription cancellations". Reuters. Archived from the original on 2024-11-24. Retrieved 2025-03-15.
- ↑ "Corporate". SiriusXM. Archived from the original on 2025-03-05. Retrieved 2025-03-15.