WARREN LIEBERFARB, ARCHITECT OF THE DVD, JOINS SIRIUS BOARD OF DIRECTORS
Entertainment Industry Veteran and Video Technology Expert Adds Expertise to Satellite Radio Broadcaster’s Board of Directors
NEW YORK – October 2, 2003 – SIRIUS (NASDAQ: SIRI), known for delivering the very best in commercial-free music and premium broadcast entertainment to cars and homes across the country, today announced that Warren N. Lieberfarb has joined its Board of Directors.
Credited as the architect of the DVD during the nearly twenty years he headed Warner Home Video, Lieberfarb began his career at Paramount Pictures and Twentieth Century Fox where he was instrumental in the development of pay television, home video and cable, including working with pioneers in the business, such as HBO.
“Warren brings not only extensive entertainment industry experience, but also exceptional insights to our industry,” said Joseph P. Clayton, President and CEO of SIRIUS. “His expertise will be tremendously valuable as we continue to expand, and as we develop new entertainment and information offerings to our growing base of subscribers.”
"I am genuinely excited by the prospects of working with Joe Clayton and his talented team at SIRIUS. This company has already, in my opinion, revolutionized radio by bringing it into the digital era, just as DVD did for home video. As a member of its Board of Directors, I look forward to helping SIRIUS achieve its goals."
In the mid-seventies Lieberfarb joined Warner Bros. as Executive Assistant to the Chairman, before being named Vice President for International Marketing. In 1982, he was appointed Senior Vice President of Warner Home Video, and two years later became President of that division.
Throughout his career, Lieberfarb has explored new channels of distributing filmed entertainment to consumers. The results of his efforts led to a single DVD format universally accepted by the consumer electronics, computer and entertainment industries.
The Financial Times dubbed Lieberfarb “Warner’s Man of Steel,” and also wrote, “Without his commitment and sharp elbows, the market would probably still be waiting for the DVD explosion. At best, digitally recorded films would be available in a muddle of incompatible formats.” Wired magazine selected him as “one of the 20 people reinventing Hollywood,” and in 2001, Entertainment Weekly named Lieberfarb one of the “101 Most Powerful People in Entertainment.”
In 1999, the Academy of Television Arts and Sciences presented him with an Emmy Award for the development of DVD technology. Last year, Lieberfarb was named the first recipient of the Wharton/Infosys “Technology Change Agent” award for his pioneering efforts in developing and bringing the DVD to market.
Lieberfarb currently serves on the Board of Trustees of the American Film Institute and chairs its Executive Committee, and is also on the Board of Directors for DTS (Digital Theater Systems, Inc.). He serves on the Board of Trustees of the University of Pennsylvania as well as the Wharton Undergraduate Executive Board, and is a member of the Academy of Motion Picture Arts and Sciences.
SIRIUS is the only satellite radio service bringing listeners more than 100 streams of the best music and entertainment coast-to-coast. SIRIUS offers 60 music streams with no commercials, along with over 40 world-class sports, news and entertainment streams for a monthly subscription fee of only $12.95, with greater savings for upfront payments of multiple months or a year or more. Stream Jockeys create and deliver uncompromised music in virtually every genre to our listeners 24 hours a day. Satellite radio products bringing SIRIUS to listeners in the car, truck, home, RV and boat are manufactured by Kenwood, Panasonic, Clarion and Audiovox, and are available at major retailers including Circuit City, Best Buy, Car Toys, Good Guys, Tweeter, Ultimate Electronics, Sears and Crutchfield. SIRIUS is the leading OEM satellite radio provider, with exclusive partnerships with DaimlerChrysler, Ford and BMW. Automotive brands currently offering SIRIUS radios in select new car models include BMW, MINI, Chrysler, Dodge, Jeep®, Nissan, Infiniti, Mazda, Audi, Ford and Lincoln-Mercury. Automotive brands that have announced plans to offer SIRIUS in select models include Mercedes-Benz, Jaguar, Volvo, Volkswagen, Land Rover and Aston Martin. Genmar Holdings, the world’s largest manufacturer of recreational boats, Formula Boats and Winnebago, the leading supplier of recreational vehicles and motor homes, have also announced plans to offer SIRIUS.
Click on www.SIRIUS.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our results of operations are: our dependence upon third parties to manufacture, distribute, market and sell SIRIUS radios and components for those radios; the unproven market for our service; our competitive position and any events which affect the useful life of our satellites.