"I have been learning a lot about SiriusXM and how it's business is being affected by music streaming services such as Spotify and Apple Music. Interestingly, I found that satellite radio is much more profitable than streaming services. Reports say that Spotify loses nearly half a billion dollars every year where satellite radio companies profit billions upon billions per year. I believe these earnings have to do with the fact that satellite radio offers more exclusivity to certain shows, music, and stations. SiriusXM, as an example, has exclusive rights to the Howard Stern show, which earns a healthy profit and loyal audience."