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

    Hmm.. lets to the math...

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

    Sirius

    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 
Follow Techdirt
Flattr rss rss
A word from our Sponsors...
Sponsored Resource
Essential Reading
Techdirt Reading List
Techdirt Insider Chat

A word from our Sponsors...
Recent Stories

Monday

8:53am: Your Word Against Ours: How The FBI's 'No Electronic Recording' Policy Rigs The Game... And Destroys Its Credibility (7)
7:50am: Trade Group Representing Many Large Companies Claims That Exceptions For The Blind Would 'Cast Aside' Copyright (43)
5:46am: A New Hope: How Going Free To Play Brought Redemption To Star Wars MMO (35)
3:48am: EU Commission Sued For Refusing To Reveal Trade Agreement Documents They Shared With Lobbyists (20)

Sunday

12:00pm: Funniest/Most Insightful Comments Of The Week At Techdirt (18)

Saturday

12:00pm: Sophisticatedjanedoe / FightCopyrightTrolls Favorite Techdirt Posts Of The Week (86)
9:00am: Awesome Stuff: Cool Product Designs (14)

Friday

7:39pm: Rice University Professor: SkyNET's Gonna Take Ur Jerbs! (69)
6:33pm: Make Art, Not Law (10)
5:27pm: AP's Attempt At DRM'ing The News Shuts Down (17)
More arrow
A word from our Sponsors...

Close

Email This