SiriusXM Subscribers, Live Nation Attendance Grow

SiriusXM Subscribers, Live Nation Attendance Grow

SiriusXM Subscribers, Live Nation Attendance Grow
SiriusXM Radio announced record quarterly earnings of $237 million and a subscriber growth of 600,000, representing a year-over-year increase of 38 percent and bringing the company's subscriber total to 22.9 million. In other industry news, Live Nation's second quarter results showed a 6 percent increase in global concert attendance, though the concert promoter also reported a 42 percent decline in net income. Finally, EMI Music, in the process of being acquired by Universal Music Group, reported a pre-tax loss of $546 million for its fiscal year ending March 31, due primarily to write-down and restructuring charges. (8/8)

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