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.
EMI Music Publishing has withdrawn as a party to the complaint filed by certain music publishing companies against XM in March 2007.
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.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO
CONTACT: Nathaniel Brown of XM Satellite Radio, +1-212-708-6170, or
Dylan Jones of EMI Music Publishing, +1-212-492-1230