Agreement Settles Dispute Over XM Devices With Advanced Recording Features
NEW YORK, June 26 /PRNewswire-FirstCall/ -- XM Satellite Radio and EMI
Music Publishing today announced that they have resolved the lawsuit
brought by EMI Music Publishing against XM over its Pioneer Inno, a
portable satellite radio with advanced recording features. The companies
did not disclose terms of the agreement.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )
EMI Music Publishing has withdrawn as a party to the complaint filed by
certain music publishing companies against XM in March 2007.
About XM
XM is America's number one satellite radio company with more than 9.3
million subscribers. Broadcasting live daily from studios in Washington,
DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008
lineup includes more than 170 digital channels of choice from coast to
coast: commercial-free music, premier sports, news, talk radio, comedy,
children's and entertainment programming; and the most advanced traffic and
weather information.
XM, the leader in satellite-delivered entertainment and data services
for the automobile market through partnerships with General Motors, Honda,
Hyundai, Nissan, Porsche, Ferrari, Subaru, Suzuki and Toyota, is available
in 140 different vehicle models for 2008. XM's industry-leading products
are available at consumer electronics retailers nationwide. XM programming
is also available through XM Radio Online, the exclusive home on the
Internet for XM's commercial-free music channels; as downloads of original
XM shows via podcasts from XM's Web site or the Apple's iTunes Store; and
as streams of commercial- free XM music channels to AT&T and Alltel
wireless customers through XM Radio Mobile. For more information about XM
hardware, programming and partnerships, please visit
http://www.xmradio.com/.
About EMI Music Publishing
EMI Music Publishing is one of the world's leading music publishers. It
represents more than 1.3 million copyrights including some of the
best-known songs ever written, such as "New York New York", "You've Got A
Friend", "The James Bond Theme", "Lady Marmalade", "Ain't No Mountain High
Enough", "Always On My Mind", "Over The Rainbow", "I Heard It Through The
Grapevine" and "Singin' In the Rain". Its current hit-making writers and
producers include Arctic Monkeys, Beyonce, James Blunt, Alan Jackson, Norah
Jones, Alicia Keys, Pink, Usher, Kanye West, Pharrell Williams and Amy
Winehouse. For more details, please visit http://www.emimusicpub.com.
Factors that could cause actual results to differ materially from those
in the forward-looking statements in this press release include demand for
XM Satellite Radio's service, the Company's dependence on technology and
third party vendors, its potential need for additional financing, as well
as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K
filed with the Securities and Exchange Commission on 2-28-08. Copies of the
filing are available upon request from XM Radio's Investor Relations
Department. All programming subject to change.
SOURCE XM
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Related links:
http://www.xmradio.com
http://www.emimusicpub.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Nathaniel Brown of XM Satellite Radio,
+1-212-708-6170, or Dylan Jones of EMI Music Publishing,
+1-212-492-1230
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