Sirius XM Uninterested in Streaming Internet Audio Service

Don't expect to see Sirius XM enter the streaming audio marketplace anytime soon, Sirius executives said Tuesday. While Sirius has looked into Internet-based music streaming services, "None of them are making money," Chief Financial Officer David Frear said Tuesday during a conference call with analysts on its financial results. While Sirius has better relationships with record labels after its $210 million settlement last month on unpaid royalties (see 1506260048), the company isn't interested in trying to leverage that into global streaming licenses, CEO Jim Meyer said. "Just going global is not worth doing if you cannot make money on it," Frear said.