SiriusXM Radio plans to be the dominant product in the connected car of the future, and CEO Jim Meyer expects that by the end of the decade about 70 percent of new automobiles in the U.S. will come with an embedded modem.
While satellite radio is not a two-way service, modems will allow for seamless on-demand content and other services that Sirius XM plans on being involved with, said Meyer, who was speaking at an investor-day presentation of parent company Liberty Media.
SiriusXM is also in a great position due all of its up-front costs early in its history. Therefore, even though it will record about $1.1 billion in earnings before interest, taxes, depreciation and amortization this year, the company doesn’t anticipate paying income tax until about 2018, Meyer said.
“I’m pretty bullish on subscriber growth for years to come,” Meyer added.
Source & More: hollywoodreporter.com
While satellite radio is not a two-way service, modems will allow for seamless on-demand content and other services that Sirius XM plans on being involved with, said Meyer, who was speaking at an investor-day presentation of parent company Liberty Media.
SiriusXM is also in a great position due all of its up-front costs early in its history. Therefore, even though it will record about $1.1 billion in earnings before interest, taxes, depreciation and amortization this year, the company doesn’t anticipate paying income tax until about 2018, Meyer said.
“I’m pretty bullish on subscriber growth for years to come,” Meyer added.
Source & More: hollywoodreporter.com
