NEW YORK, June 10 /PRNewswire-FirstCall/ -- XM Satellite Radio and EMI Music today announced that they have resolved the lawsuit brought by EMI 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EMI Music has withdrawn as a party to the complaint filed by the major record companies against XM in May 2006. Similar agreements were announced in December 2007 between XM and both Universal Music Group and Warner Music Group and February 2008 between XM and SONY BMG.
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
EMI Music is the recorded music division of EMI Group Limited, one of the world's leading music companies. For further information on EMI, please visit: http://www.emigroup.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
SOURCE: XM Satellite Radio
CONTACT: Nathaniel Brown of XM Satellite Radio, +1-212-708-6170; or
Jeanne Meyer of EMI Music, +1-212-786-8850