AOL and XM Joining Forces for Online Radio
Josh writes "BetaNews is reporting that AOL and XM are joining forces to make available 20 XM music channels plus 130 of its own available to anyone on the internet for free starting this summer. AOL members will have free broadband access to 70 XM channels, although apparently there are plans for a $5/month option for non-subscribers. The deal means AOL Music specials will make it onto XM's channels, and XM promos will be heard across AOL Music's properties."
Listen to the XM CEO on NPR.org
XM Satellite Radio has added more than a half million subscribers in the last 3 months and shares of XM have quintupled over the last 2 years. Questions discussed in the npr broadcast: Can XM continue its meteoric growth? When will satellite radio become profitable? Is there room for both XM and rival Sirius?
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I would gladly pay a monthly fee for hearing music that I can't choose, and maybe advertisements every now and then! It's like radio, but it costs money and bandwidth!
So does XM, http://listen.xmradio.com/. I'm listening right now.
The real advantage to this, of course, is that XM increases it's potential customer base. Customers who will use the XM via AOL option will fall in love with a couple channels and end up getting units and paying the $12.99/mo. Of course, I'm all for this... I'm a shareholder (tm).