In a letter sent to SiriusXM customers details a $1 per month increase to the current SiriusXM Select and Select Family Friendly packages and will go into effect April 27, 2016.
This is the second rate increase in the last 12 months, last June a $1 increase was made effective on all plans.
Sirius XM’s revenues have increased 64% in the last five years, driven not only by increases in subscriber count and ARPU, but by an expansion into Canada as well.
With a net income of $510 million it makes you wonder why the need for increased rates.
The rate increase does not apply to the following packages: All Access, All Access Family Friendly, Premier, Premier Family Friendly, Mostly Music, News, Sports & Talk, linked streaming (Internet radio packages as add-ons to other packages), Español, Español Plus, Basic, Basic Plus, A La Carte, MiRGE All-in-One, Traffic, Travel Link, Weather, Marine, and Aviation.
You can read more at the SiriusXM website.
