I posted this on the Sirius board, but it deserves some mention here:
The FCC approved the transfer of ownership of Sirius XM to Denver-based cable TV giant Liberty Media. The company now owns more than 50% of Sirius stock. The stock rose 2% Thursday to $3.08 a share, close to a 52 week high. Just a few years ago, Sirius shares were trading at about 5 cents a share, and Liberty was the company that saved it from almost certain bankruptcy.
At the same time, Liberty Media has increased its control of the concert promoter Live Nation. Read this article from the Denver Post:
http://www.denverpost.com/business/ci_22290303/liberty-media-buys-1-7-million-shares-live
So what does this mean for the future of media and live entertainment? Has Liberty become bigger than Comcast with its control over satellite radio and concerts? Does this mean we'll see & hear more live entertainment at home? And what will this mean for the concert business? Lots of questions as we enter the new year.
The FCC approved the transfer of ownership of Sirius XM to Denver-based cable TV giant Liberty Media. The company now owns more than 50% of Sirius stock. The stock rose 2% Thursday to $3.08 a share, close to a 52 week high. Just a few years ago, Sirius shares were trading at about 5 cents a share, and Liberty was the company that saved it from almost certain bankruptcy.
At the same time, Liberty Media has increased its control of the concert promoter Live Nation. Read this article from the Denver Post:
http://www.denverpost.com/business/ci_22290303/liberty-media-buys-1-7-million-shares-live
So what does this mean for the future of media and live entertainment? Has Liberty become bigger than Comcast with its control over satellite radio and concerts? Does this mean we'll see & hear more live entertainment at home? And what will this mean for the concert business? Lots of questions as we enter the new year.