XM Satellite Radio and SONY BMG MUSIC ENTERTAINMENT Reach Agreement on Pioneer Inno
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XM is the nation's number-one satellite radio company. XM offers more than 170 radio channels of commercial-free music, premier sports, talk radio, news, comedy, children's programming, and other entertainment choices. Subscribers listen to XM on satellite radios for the car, home, and portable use. XM, the leader in satellite-delivered entertainment and data services for the automobile market, is available in 140 vehicle models for 2007. XM radios are available at consumer electronics retailers nationwide. For more information, visit http://www.xmradio.com. (PRNewsFoto/XM SATELLITE RADIO, INC.)
WASHINGTON, DC UNITED STATES
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| Agreement Marks XM's Third With a Major Music Company to Resolve Dispute
Over XM Devices With Advanced Recording Features
NEW YORK, Feb. 1 /PRNewswire-FirstCall/ -- XM Satellite Radio and SONY
BMG MUSIC ENTERTAINMENT today announced that they have resolved the lawsuit
brought by SONY BMG against XM over its Pioneer Inno, a portable satellite
radio with advanced recording features. The companies did not disclose
terms of the deal.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )
SONY BMG is the third music company to resolve its dispute with XM
regarding radios with advanced recording functionality. Similar agreements
were announced in December 2007 between XM and both Universal Music Group
and Warner Music Group. SONY BMG has withdrawn as a party to the complaint
filed by the major record companies against XM in May 2006.
About XM
XM (Nasdaq: XMSR) is America's number one satellite radio company with
more than 8.5 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, 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. For more
information about XM hardware, programming and partnerships, please visit
http://www.xmradio.com/
About SONY BMG MUSIC ENTERTAINMENT
SONY BMG MUSIC ENTERTAINMENT is a global recorded music joint venture
with a roster of current artists that includes a broad array of both local
artists and international superstars, as well as a vast catalog that
comprises some of the most important recordings in history. SONY BMG MUSIC
ENTERTAINMENT is 50% owned by Bertelsmann A.G. and 50% owned by Sony
Corporation of America.
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