Sirius XM Canada
Sirius XM Canada Holdings Inc. (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.
| Company type | Private |
|---|---|
| Industry | Broadcasting |
| Founded | 2011 |
| Headquarters | Toronto, Ontario, Canada |
Key people | Anthony Viner (Chairman) Mark Redmond (CEO) |
| Products | Satellite radio Telematics Internet radio |
| Revenue | $303 million CAD (2014) |
| Owner | Sirius XM (33.0%) Slaight Communications (33.5%) John Bitove (33.5%) |
| Website | www |
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. 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. 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.