Glam had recently launched a new contentmanagementservice called Glam Create and a social service called Glam Connect, which will presumably connect with Ning.
The company said that Omnifone, a cloud music service provider, is providing the back-end for the service, including contentmanagement, music hosting and reporting functions.
SiriusXM is a great business and I look forward to working with our talented management team to continue to deliver the best content and service to our subscribers, while enhancing value to our shareholders.
As the Netflix subscriber base and revenues have grown and as we have shifted our service offering toward streaming content, churn has become less relevant and management has come to rely more and more on net subscriber additions versus churn to monitor and describe the business.