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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Sirius XM Holdings Inc.    SIRI

SIRIUS XM HOLDINGS INC.

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SportsGrid : Radio Channel to Launch on SiriusXM January 7

11/24/2020 | 09:31am EST

NEW YORK, Nov. 24, 2020 /PRNewswire/ -- SportsGrid Radio and SiriusXM announced today that they are teaming up to launch the SportsGrid Radio Channel on SiriusXM on January 7, 2021.  SiriusXM subscribers nationwide will have access to SportsGrid's real-time sports news, statistics, odds, and lines, along with live expert analysis.  The SportsGrid Radio channel will be available to SiriusXM subscribers 24 hours a day 7 days a week on SiriusXM radios (channel 204) in their cars or anywhere with the SiriusXM app.  SportsGrid Radio will be replacing the VSiN channel, which will air on SiriusXM until December 31.

SportsGrid Radio will feature a team of on-air personalities including Scott Ferrall, Gabe Morency, Ariel Epstein, and Jared Smith along with expert contributors and guest analysts.  The channel streams live from the state-of-the-art production facilities located in New York City adjacent to Madison Square Garden and at the Meadowlands inside the FanDuel Sportsbook.  SportsGrid's real-time reporting includes the daily odds, lines, matchups, injury reports, news and more across pro football, basketball, baseball, hockey, college sports, golf, tennis, and soccer.

"We're extremely pleased to connect the SportsGrid brand to the millions of SiriusXM subscribers and deliver the most comprehensive sports gaming coverage nationwide," said Louis Maione, SportsGrid President and Founder. "January is the perfect time to launch the SportsGrid Radio channel with some of the biggest events on the sports calendar happening in the weeks ahead."

"We are very excited to give our subscribers access to SportsGrid's expert hosts and analysts on the SportsGrid Radio Channel," said Steve Cohen, SiriusXM's SVP of Sports Programming.  "SportsGrid provides listeners with real-time sports news and gaming information from a unique and entertaining perspective and they are a terrific and welcome addition to the SiriusXM lineup."

The all original SportsGrid Radio weekday line-up has 22-hours of live daily programming starting with The Early Line, weekdays from 7-9 AM ET, hosted by Dane Martinez and Kevin Walsh leading into The Morning After, weekdays at 9 AM ET, hosted by the passionate and authentic Ariel Epstein and Jared Smith. The high energy topic-driven three-hour morning program covers the top sports stories of the day with the daily rundown of the Scores • Stats • Odds • News • Injury Updates • Interviews and more.

SportsGrid's pre-game programming features Ferrall Coast to Coast, weekdays from 4-6 PM ET, hosted by popular veteran sports radio personality Scott Ferrall, followed by Game Time Decisions, weekdays from 7-8 PM ET, with Gabe Morency and Cam Stewart.  Ferrall Coast to Coast previews the upcoming primetime schedule of live games and special events going over breaking news, injuries, odds, and lines.  Game Time Decisions reviews last-minute updates, real-time data and intelligence with expert commentary and analysis. 

Every night from 7-10 PM ET, In Game Live defines the sports gaming genre with live coverage and analysis of in-play breaking news, odds, and the line movement across all major sports.  In-Game Live focuses on the popularity and emergence of in-play gaming identifying actionable game-specific odds and lines opportunities.

About SportsGrid, Inc.

SportsGrid, Inc. is the multimedia technology platform providing digital innovative solutions for the convergence of sports content, gaming, and mobile technology.  The SportsGrid multimedia destinations include SportsGrid Steaming Video Network, SportsGrid Radio, SportsGrid.com, DailyRoto, and SportsGrid Studios.  With the seismic shift towards multiscreen IP, cloud, and data-driven distribution of sports content, SportsGrid launched an innovative video content management and distribution initiative in 2020. The video distribution platform syndicates the exclusive SportsGrid short form programming to premium publishers to grow and engage their digital sports gaming audiences. SportsGrid, Inc. is the content source and destination to serve the massive sports gaming audience with the unrivaled best of breed programming, technology, data, and gaming analysis. 

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora's properties reach more than 150 million listeners, the largest addressable audience in the U.S., across all categories of digital audio – music, sports, talk, and podcasts. SiriusXM's acquisitions of Stitcher and Simplecast, alongside industry-leading ad tech company AdsWizz, make it a leader in podcast hosting, production, distribution, analytics and monetization. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:  the current coronavirus (COVID-19) pandemic is adversely impacting our business; our substantial competition that is likely to increase over time; our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, which may not be successful, and may adversely affect our business; our Pandora ad-supported business has suffered a loss of monthly active users, which may adversely affect our Pandora business; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; we engage in extensive marketing efforts and the continued effectiveness of those efforts are an important part of our business; consumer protection laws and our failure to comply with them could damage our business; a substantial number of our Sirius XM subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products, particularly in mobile advertising, our results of operations will be adversely affected; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; our business depends in part upon the auto industry; our Pandora business depends in part upon consumer electronics manufacturers; the market for music rights is changing and is subject to significant uncertainties; our ability to offer interactive features in our Pandora services depends upon maintaining licenses with copyright owners; the rates we must pay for "mechanical rights" to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; failure to comply with FCC requirements could damage our business; economic conditions, including advertising budgets and discretionary spending, may adversely affect our business and operating results; if we are unable to attract and retain qualified personnel, our business could be harmed; we may not realize the benefits of acquisitions or other strategic investments and initiatives, including the acquisition of Pandora; our use of pre-1972 sound recordings on our Pandora service could result in additional costs; we may from time to time modify our business plan, and these changes could adversely affect us and our financial condition; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use "open source" software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; existing or future laws and regulations could harm our business; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; our business and prospects depend on the strength of our brands; we are a "controlled company" within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; and our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarter ended March 30, 2020, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

CONTACT: comms@sportsgrid.com

Cision
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SOURCE SportsGrid


© PRNewswire 2020
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