Larry Lessig's Presentation >>
<< Game Maker Not Liable For School Shooting
 tdicon 


Failures

by Mike Masnick

Wed, Aug 14th 2002 1:17am





Sirius May Declare Bankruptcy

from the so-much-for-that-plan dept

Since I first heard about satellite radio, I found it hard to believe that they would find enough subscribers to cover their costs. It just didn't seem worth it to me. However, plenty of people (sometimes here at Techdirt) told me I just didn't understand, and that satellite radio was really "the next cable TV". I think they almost convinced me... but I should have stuck with my instincts. Sirius, one of the two satellite radio players has announced that are probably going to have to declare bankruptcy after only offering their service for six weeks. In that month and a half they've signed up a grand total of (count 'em) 6,510 customers (who helped them generate a whopping $70,000 in revenue). They say they need $600 million to keep going. $600 million? In this market? With 7,000 customers and $70,000 in revenue? Seems like a tough sell.

2 Comments | Leave a Comment..


If you liked this post, you may also be interested in...
 

Reader Comments (rss)

(Flattened / Threaded)

  1.  

    Hmm.. lets to the math...

    identicon
    Vik, Aug 14th, 2002 @ 7:13am

    So each person brings about 10$/month revenue. They need $600 mil to keep going. The subscription rate with all the hype is approx. 1000 people/week. So it would take them about a 1000 years to get enough subscribers to generate needed revenue at this rate... Seems like a good candidate for f*ckedcompany list to me. :)

    [ reply to this | link to this | view in thread ]

  2.  

    Sirius

    identicon
    Dut, Feb 9th, 2009 @ 8:15am

    I have been a loyal Sirius subscriber for over 3 years until last week. I had 2 Sirius accounts and 1 XM account. I have cancelled all 3 because of COST increases. My $30 per month cost was going to over $40 for the same services. rougly 38% cost increase.

    Rumor has it you can get Sirius for Free. Don;t ask me how cause I won't tell you.

    [ reply to this | link to this | view in thread ]


Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>


Larry Lessig's Presentation >>
<< Game Maker Not Liable For School Shooting
 tdicon 

A word from our Sponsors...
Follow Techdirt
Flattr rss rss

Powered by Postrank

From the Techdirt Archive...
A word from our Sponsors...

Close

Email This