DaimlerChrysler And Sirius Extend Exclusive
Relationship
Posted by www.eMercedesBenz.com on October 31, 2005 at 1:25 PM CST
DaimlerChrysler and Sirius have announced today that they will be
extending their exclusive relationship until September of 2012. The
agreement between the two companies extends to all Mercedes-Benz
vehicles, all Chrysler Group vehicles, and Freightliner trucks.
Needless to say, I'm not excited about the announcement - I think
giving customers only one option in radios is ridiculous. I won't
bore you with another rant on the same subject, but if you want to
hear my opinion on the topic, you can do so here.
If you're interested in learning more about Sirius, you can check out
the full press release below or at www.eMercedesBenz.com
OFFICIAL PRESS RELEASE
Sirius Extends Contract With Daimler Chrysler
NEW YORK and DETROIT, Oct. 31
SIRIUS Satellite Radio and DaimlerChrysler today
announced that they have extended their exclusive relationship
through September 1, 2012. The agreement includes all Chrysler Group
and Mercedes-Benz vehicles as well as Freightliner Trucks.
For model year 2006 over 750,000 subscribers are expected to be
generated from the Chrysler Group alone, with volumes estimated to
increase significantly in the future. "We are very pleased that
DaimlerChrysler has extended our exclusive relationship," said Mel
Karmazin, CEO of SIRIUS. "DaimlerChrysler has been a long-standing
supporter of SIRIUS since we began broadcasting, and we share the
same commitment to provide a quality experience. Together, we can
continue to enhance the driving pleasure of Chrysler, Jeep, Dodge,
Mercedes-Benz and Freightliner customers with SIRIUS' unique mix of
programming, which is the best in all of radio."
"Our relationship with SIRIUS has been a 'win-win' for both
companies, as the popularity of satellite radio continues to grow,
and as SIRIUS' position as an entertainment powerhouse continues to
be recognized," said Robert Schott, Vice President Worldwide
Procurement and Supplier Strategy Chrysler Group. Together, we have
worked to provide our customers with an enhanced level of in-vehicle
entertainment experience, and we are pleased to continue to offer
this feature to future Chrysler Group customers." SIRIUS continues to
be available as a factory-installed option on 2006 model year
Chrysler Group vehicles, under the Chrysler, Jeep(R) and Dodge
brands, with one year of SIRIUS service included in the $195 MSRP of the
feature.
About SIRIUS
SIRIUS delivers more than 120 channels of the best commercial-free
music, compelling talk shows, news and information, and the most
extensive sports programming to listeners across the country in
digital quality sound. SIRIUS offers 65 channels of 100% commercial-
free music, and features over 55 channels of sports, news, talk,
entertainment, traffic and weather for a monthly subscription fee of
only $12.95. SIRIUS also broadcasts live
play-by-play games of the NFL, NHL and NBA and is the Official
Satellite Radio Partner of the NFL and NHL. SIRIUS products for the
car, truck, home, RV and boat are distributed by Alpine, Audiovox,
Brix Group, Clarion, Delphi, Directed Electronics, Eclipse, Jensen,
JVC, Kenwood, Magnadyne, Monster Cable, Pioneer, Russound, Tivoli and
XACT Communications. Available in more than 25,000 retail locations,
SIRIUS radios can be purchased at major retailers including Best Buy,
Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club and
RadioShack. SIRIUS is also available at heavy truck dealers, truck
stops and travel centers nationwide.
SIRIUS radios are currently offered in vehicles from Audi, BMW,
Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus,
Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Toyota,
Porsche, Volkswagen and Volvo. Hertz currently offers SIRIUS at major
locations around the country.
Click on http://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,
2004 filed with the Securities and Exchange Commission. Among the key
factors that have a direct bearing on our operational results are:
our dependence upon third parties, including manufacturers of SIRIUS
radios, retailers, automakers and programming partners, our
competitive position and any events which affect the useful life of
our satellites.
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