Sirius XM Canada

Sirius XM Canada Holdings Inc.
Company typeJoint venture
IndustryBroadcasting
Founded2011; 13 years ago (2011)
HeadquartersToronto, Ontario, Canada
Key people
ProductsSatellite radio
Telematics
Internet radio
Revenue $303 million CAD (2014)[1]
OwnerSirius XM (33.0%)[2]
Gary Slaight (33.5%)[2]
John Bitove (33.5%)[2]
Websitewww.siriusxm.ca

Sirius XM Canada Holdings Inc.[2] (commonly referred to as Sirius XM Canada; normally stylized SiriusXM) is a Canadian broadcasting company which distributes the services of American satellite radio provider Sirius XM in Canada.

The current company was formed on June 21, 2011, following the Canadian Radio-television and Telecommunications Commission's April 2011 approval to merge the formerly distinct XM Radio Canada and Sirius Canada services.[3][4] This followed the 2008 merger of XM Satellite Radio and Sirius Satellite Radio in the United States.

Following a subsequent privatization transaction, majority voting control was split between Slaight Communications and John Bitove, two of the primary Canadian investors of the original Sirius Canada and XM Canada services respectively; Slaight Communications' interest was later inherited by Gary Slaight. Due to Canadian broadcasting ownership regulations, the U.S. company Sirius XM Holdings is limited to a 33% voting interest in the Canadian firm, but holds 70% of the equity.[2][5]

  1. ^ "Sirius XM Canada Holdings Inc Reports Fiscal 2014 Results," Newswire, October 30, 2014.
  2. ^ a b c d e "Ownership Chart 214 - Sirius XM - Subscription Satellite Radio" (PDF). Canadian Radio-television Communications Commission. November 1, 2024. Retrieved November 14, 2024.
  3. ^ "Sirius Canada and XM Canada Complete Merger". Broadcaster, June 21, 2011.
  4. ^ CRTC Decision 2011-240.
  5. ^ Cite error: The named reference crtc-2017-recap was invoked but never defined (see the help page).