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Started By
Message
Buffett loading up on SIRI
Posted on 10/13/24 at 10:04 am
Posted on 10/13/24 at 10:04 am
What's the play here? I didn't even know people still use sirius
LINK
LINK
quote:
In a recent move by Berkshire Hathaway Inc . (NYSE:BRKa), the conglomerate has increased its stake in Sirius XM Holdings Inc. (NASDAQ:SIRI), purchasing shares worth a total of $86.73 million. The transactions were carried out over several days, with prices ranging from $23.55 to $24.95 per share.
quote:
This substantial investment has expanded Berkshire Hathaway's ownership in Sirius XM Holdings, now totaling over 108 million shares. The detailed transactions indicate a weighted average price for the shares, with the company undertaking to provide full information regarding the number of shares bought at each separate price upon request.
This post was edited on 10/13/24 at 10:06 am
5
Posted on 10/13/24 at 10:26 am to TheOcean
But why gif
That is interesting. The ability too stream from phones, would hurt Sirius I would think.
Most new cars come with it, but renewal has to be dismal.
That is interesting. The ability too stream from phones, would hurt Sirius I would think.
Most new cars come with it, but renewal has to be dismal.
Posted on 10/13/24 at 11:15 am to TheOcean
Probably a pending tech patent or being purchased, maybe for the contracts with auto dealers, etc
Posted on 10/13/24 at 12:13 pm to TheOcean
They also own pandora. Ad money and I think they dont pay as much or maybe even anything in royalties unlike the other streamers. They reverse stock split recently because their stock was in the shitter so overall the price of the stock is still dirt cheap
Posted on 10/13/24 at 12:54 pm to TheOcean
Maybe leverage this satellite communication network in another way? Can it be repurposed for broadband, in other words (I doubt it, but I'm brainstorming a "Why?" answer)?
Posted on 10/13/24 at 1:39 pm to Ace Midnight
thats what I was thinking, do they own the satellites ? Can they somehow turn them in to starlinks ?
Posted on 10/13/24 at 4:54 pm to FredsGotSlacks
quote:
I think they dont pay as much or maybe even anything in royalties unlike the other streamers.
I’m on a Sirius 24 month $3.99 per month plan. They add .85 cents royalty fee plus taxes each month.
Sirius pays about double what streaming services pay in royalty fees.
The Copyright Royalty Board judges have set the new royalty rates and terms for Sirius XM. The company will pay 15.5% of gross revenues for the period of January 1, 2018 through December 31, 2022. That’s a 40% increase from the 11% share Sirius XM has been paying for royalties.
I don’t know what the current royalty rate is for Sirius but I’m pretty sure the rate hasn’t decreased.
This post was edited on 10/13/24 at 6:03 pm
Posted on 10/13/24 at 5:05 pm to weadjust
quote:
I’m on a Sirius 24 month $3.99 per month plan. They add a .85 cents roalty fee each plus taxes each month. Sirius pays about double what streaming services pay in royalty fees. The Copyright Royalty Board judges have set the new royalty rates and terms for Sirius XM. The company will pay 15.5% of gross revenues for the period of January 1, 2018 through December 31, 2022. That’s a 40% increase from the 11% share Sirius XM has been paying for royalties. I don’t know what the current royalty rate is for Sirius but I’m pretty sure the rate hasn’t decreased.
Yeah I’m an idiot. I was reading about them on Friday after their recent run up and completely misunderstood what they were saying obviously. Drunk diligence is a dangerous game
Posted on 10/14/24 at 7:24 am to weadjust
:likeanyonecouldevenknowthat:
TIL more about Sirius than I ever knew...
Moving the Chains is dang near worth the monthly fee.
TIL more about Sirius than I ever knew...
Moving the Chains is dang near worth the monthly fee.
Posted on 10/14/24 at 7:46 am to TheOcean
I use it and have for like 10 years.
Posted on 10/14/24 at 10:09 am to Zilla
quote:
thats what I was thinking, do they own the satellites ? Can they somehow turn them in to starlinks ?
They cannot, SIRI sats are geostationary, which means they are fixed around the equator. These are not great for starlink which is low earth orbit, and like a swarm. The low earth orbit gives much better latency and throughput then geostationary, which would be considered "leagcy" satellite internet.
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