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SoundCloud raises $75M from SiriusXM

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Re: SoundCloud raises $75M from SiriusXM

#41
post #12

Wait, what? I’m already surprised SiriusXM is still somehow around, let alone that they have $75 million to invest in another company and not that they’re taking $75 million to stay afloat...

SiriusXM has no competition in the satellite radio space as far as I know.

Yeah but their real competition is streaming audio services.

Re: SoundCloud raises $75M from SiriusXM

#42

Earlier quoted context omitted.

The market cap of SirusXM is almost $32bn, roughly $5bn more than Spotify.

Wow. I know like every new car comes with a trial but I didn’t realize people actually activated it.

Even more impressive than the market cap previously referenced is their actual business is vastly superior to Spotify.

Sirius 2019: $7.8b in sales, $1.7b operating income

Spotify 2019: $6.7b in sales, -$73m operating income

Spotify's market cap is supported by a fantasy that one day, somehow, if they get big enough they might generate a real profit to support their Wile E. Coyote valuation (don't look down). So for example, if they get to $20 billion in sales (in another 10 years), maybe they'll spit off as much profit as Sirius does right now in exchange for a similar market cap.

Re: SoundCloud raises $75M from SiriusXM

#43

Earlier quoted context omitted.

Wow. I know like every new car comes with a trial but I didn’t realize people actually activated it.

I have probably 6 or 7 paid subscriptions for my personal use. Aside from Netflix, SxM is probably the one I would cancel last of the group.

What are your use cases? 6 or 7 seems like a lot.

Re: SoundCloud raises $75M from SiriusXM

#44

When I was a truck driver, Satellite Radio was practically a necessity. Sure I loaded up my ipod with music, but the selection was too damn limited and I would tire of hearing the same songs over & over again. The best case scenario for FM radio (when you would finally find something that you could tolerate) was 1 hour. 1 hour of variety to stave off bordem and try to save your sanity. The effective range of the FM s…

Stuff like soma.fm replaced that for me. There’s nothing like turning on groove salad for a bit.

There was a period of time where, after work, some friends and I would get together in one of our university's research labs to solder keyboards. It was always empty by then. We'd put on soma.fm and then get to work. Good times.

Re: SoundCloud raises $75M from SiriusXM

#47

Earlier quoted context omitted.

I have probably 6 or 7 paid subscriptions for my personal use. Aside from Netflix, SxM is probably the one I would cancel last of the group.

What are your use cases? 6 or 7 seems like a lot.

Not the person you're asking, but it seems it's very easy to get to 6 or 7: Netflix, Prime, Hulu, HBO2Go, AppleTV+, Disney+, Spotify, SxM, etc

Re: SoundCloud raises $75M from SiriusXM

#48
Soundcloud is the only music service I happily pay for even though I really don't need to. There aren't enough ads to justify giving them money, so it's really just because if they went away I'd lose access to all the best music

Re: SoundCloud raises $75M from SiriusXM

#49

Earlier quoted context omitted.

What are your use cases? 6 or 7 seems like a lot.

Not the person you're asking, but it seems it's very easy to get to 6 or 7: Netflix, Prime, Hulu, HBO2Go, AppleTV+, Disney+, Spotify, SxM, etc

I think like the person you replied to I misread is as having 6 or 7 SxM subscriptions, which sounded like a big flex "I have 6, maybe 7, cars".

6 or 7 paid subs sounds reasonable.

Re: SoundCloud raises $75M from SiriusXM

#50
I just listen to the streams of the radio stations I love:

WWOZ - New Orleans gold mine, especially 2 week audio archive

KCRW - live + curated streams

Cultura Brasil - a curated, updated stream of Brazilian music

BR Heimat - odd, but I find corny alpine brass bands a great working soundtrack

WKHR - a high school radio station in Cleveland where old people play 78rpm records

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