SiriusXM hires former Disney executives as chief product and technology officer

$Disney(DIS.US)$ $Sirius XM(SIRI.US)$ According to reports, US satellite broadcasting company SiriusXM (SIRI.US) has hired Joe Inzerillo, the former chief technology officer of Disney+, a streaming media service owned by Disney (DIS.US), as the company's chief product and technology officer.

It is reported that SiriusXM's move is to expand its scope of services in order to gain appeal in markets other than car transportation; the company is currently facing from Spotify (SPOT.US), Apple (AAPL.US) and Amazon (AMZN.US) Competitive pressure from other streaming media services. Data show that the stock closed up 1.95% last Friday, at US$6.28.

Article excerpted from the US Stock Research Agency