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Sirius XM Radio (SIRI)
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SIRI » Topics » Revenue Share and Royalties.

This excerpt taken from the SIRI 10-Q filed Nov 1, 2007.
Revenue Share and Royalties. Revenue share and royalties include distribution and content provider revenue share, residuals and broadcast and webstreaming royalties. Residuals are monthly fees paid based upon the number of subscribers using a SIRIUS radio purchased from a retailer. Variable advertising revenue share is recorded to revenue share and royalties in the period the advertising is broadcast.

           • Three Months: For the three months ended September 30, 2007 and 2006, revenue share and royalties were $32,978 and $18,371, respectively, an increase of $14,607, or 80%. This increase was primarily attributable to the growth in our revenue, increased broadcast royalties, and an increase in our OEM subscriber base.
         
  • Nine Months: For the nine months ended September 30, 2007 and 2006, revenue share and royalties were $89,953 and $48,856, respectively, an increase of $41,097, or 84%. This increase was primarily attributable to the growth in our revenue, increased broadcast royalties, and an increase in our OEM subscriber base.

          We expect revenue share to increase as our revenues grow and we expand our distribution of SIRIUS radios through automakers. In addition, we expect broadcast and webstreaming royalties, which are typically variable in nature, to increase as our subscriber base grows. We are a party to a proceeding before the Copyright Royalty Board of the Library of Congress to establish the royalty rate and terms for the sound recordings we use on our satellite radio service for the period 2007 through 2012. We expect a decision in this proceeding by the end of 2007.

          

This excerpt taken from the SIRI 10-Q filed Aug 9, 2007.
Revenue Share and Royalties. Revenue share and royalties include distribution and content provider revenue share, residuals and broadcast and webstreaming royalties. Residuals are monthly fees paid based upon the number of subscribers using a SIRIUS radio purchased from a retailer. Advertising revenue share is recorded to revenue share and royalties in the period the advertising is broadcast.

  •  Three Months: For the three months ended June 30, 2007 and 2006, revenue share and royalties were $29,841 and $16,958, respectively, an increase of $12,883. This increase was primarily attributable to the growth in our revenue as well as an increase in our OEM subscriber base.
                  
  •  Six Months: For the six months ended June 30, 2007 and 2006, revenue share and royalties were $56,975 and $30,485, respectively, an increase of $26,490. This increase was primarily attributable to the growth in our revenue as well as an increase in our OEM subscriber base.

          We expect revenue share to increase as we continue to experience revenue growth and expand our distribution of SIRIUS radios through automakers. In addition, we expect broadcast and webstreaming royalties, which are typically variable in nature, to increase as our subscriber base grows. We are currently a party to a proceeding before the Copyright Royalty Board of the Library of Congress to establish the royalty rate and terms for the sound recordings we use on our satellite radio service for the period 2007 through 2012. We expect a decision by the end of 2007.

          

This excerpt taken from the SIRI 10-Q filed May 10, 2007.
Revenue Share and Royalties. Revenue share and royalties include distribution and content partner revenue share, residuals and broadcast and webstreaming royalties. Residuals are monthly fees paid based upon the number of subscribers using a SIRIUS radio purchased from a retailer.

          For the three months ended March 31, 2007 and 2006, revenue share and royalties were $27,134 and $13,527, respectively, an increase of $13,607. This increase was primarily attributable to increased revenue share as a result of increased revenue from OEM subscriptions and broadcast royalties as a result of higher total revenues.

          We expect revenue share to increase as we continue to experience revenue growth and expand our distribution of SIRIUS radios through automakers. In addition, we expect broadcast and webstreaming royalties, which are typically variable in nature, to increase as our subscriber base grows. We are currently a party to a proceeding before the Copyright Royalty Board of the Library of Congress to establish the royalty rate and terms for the sound recordings we use on our satellite radio service for the period 2007 through 2012.

          

EXCERPTS ON THIS PAGE:

10-Q
Nov 1, 2007
10-Q
Aug 9, 2007
10-Q
May 10, 2007

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