| bababadnews |
-Mel does not like the lifetime subscriptions, because the people using it are probably Sirius’ biggest fans.
-Price hike is possible, but not happening at this time
-They hope to hit goal of 10% of revenue as advertising this year
-No more major deals to do, minor deals still out there though
-Portable device is not a mass-market future, in his opinion
-Deal with MP3 hardware company: maybe, thinking about the relationship, but then there is another company wanting a profit on the device, possibly driving up costs
-Sirius pays 2-3% royalties now to the RIAA, RIAA wants 10%+, Sirius thinks it is worth less than 1%. Music is a good foundation, but they have to add the other content in order to drive subs. Hope to have an agreement or court decision by the end of 2007.
-Agreement with the OEMs for a certain maximum number of ‘contact times’ when Sirius can contact the sub on a promo plan to become self-paying, done in order to receive the names and addresses of those that got Sirius in their car.
-They want to do movie times, price of gas around you, etc. in the future. It would require adding a GPS receiver to the car.
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Basically, A few key takeaways are that Karmazin doesn't like the lifetime subscriptions because they're the biggest fans. Also a subscription price hike is possible, but not currently at this time.
He also said that he felt that portable products don't have mass-market appeal, but that Sirius is thinking about a relationship with a portable media player company.
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