03-06-2010, 10:10 PM
Interesting rambling about SiriusXM, Sirius Canada, and XM Canada
SiriusXM (US company) owns approximately 20% of Sirius Canada and approximately 23.3% of XM Canada.
Sirius and XM, as we all know, are one company in the US. However, they're two seperate companies in Canada...but if they're the same companies controlling both US and Canadian operations, aren't they "essentially" merged?
For example, let's say I live in Canada. I buy two Canadian XM radios. My buddies buy a few Canadian XM or Canadian Sirius radios. Wouldn't money from those sales (and subscriptions) eventually find it's way to the American companies?
...or is it two seperate businesses just in an agreement to use the names and content? XM's Canadian lineup seems to very similar to XM's US lineup.
I guess what i'm saying is this:
XM's Canadian lineup is similar XM's American lineup
Sirius' Canadian lineup is probably similar to their American lineup.
Same channel lineups, same companies, but not officially merged.
1) Do their subscribers count towards the 18-20 million that SiriusXM counts?
2) How do the seperate Canadian companies count towards the SIRI stock price?
With all that said, does it really matter if they merge? Yeah, there's no "best of" with Sirius Canada and XM Canada, but is it really that big of a deal?
Fill me in on the financial details of the two seperate (but similar lineup) companies and how they affect the American ops. Are they selling good, bad, or doing ok?