XM + Napster Launches Beta Version
XM + Napster Integrated Music Service Combines Napster’s Vast Library And XM’s World-Class Programming At napster.xmradio.com
Washington D.C., November 21, 2005 -- Napster® (NASDAQ: NAPS) and XM Satellite Radio (NASDAQ: XMSR) today announced that a beta version of their innovative XM + Napster integrated music service is now available to XM’s five-million-plus subscribers at napster.xmradio.com.
XM + Napster is the first online service to provide a single interface for accessing, purchasing, and downloading music heard on XM, the nation’s leading satellite radio company, from Napster, the biggest brand in digital music. XM + Napster also lets XM subscribers create playlists with music tracks from their entire digital music collection.
XM + Napster allows XM subscribers to listen to more than 70 XM music channels on the XM Radio Online service and access Napster’s massive catalog for on-demand listening, purchasing, and downloading. The service seamlessly links XM subscribers to Napster to instantly find songs played live on XM by its world-class DJs, get in-depth information about artists, and discover new music and old favorites through customized music recommendations provided by Napster’s professional music programmers.
“XM + Napster takes XM to a new level in terms of exposing people to music and enabling them to buy the music,” said Hugh Panero, President and CEO of XM Satellite Radio. “It takes the promotional impact of radio and puts it on steroids. XM + Napster greatly enhances the discovery aspect of XM by letting people instantly purchase and download the music they hear on XM Radio Online from Napster’s catalog, dig deeper into artists’ digital music collections and use Napster’s programming expertise to discover related artists and genres. It’s a 360-degree music experience.”
“XM + Napster brings two best-of-class brands together for the most comprehensive, flexible digital music experience possible,” said Chris Gorog, Napster’s chairman and CEO. “We are proud to once again be leading the industry in innovation by merging on-line music with satellite radio.”
XM + Napster will be the exclusive digital music downloading service for XM subscribers. The co-branded service is part of a long-term, strategic partnership between Napster and XM and will be marketed by both companies.
Songs and albums purchased from XM + Napster can be played on a variety of portable MP3 players available now. Upcoming XM/MP3 players will let subscribers listen to XM live when the players are docked in the car or at home, mark the titles of songs played on XM for easy reference in XM + Napster, and store content for a completely portable listening experience.
Napster, the biggest brand in digital music, is a subscription service that enables fans to freely sample the world’s largest and most diverse online collection of music and move an unlimited amount of songs to compatible MP3 players. Napster (www.napster.com) members have access to songs from all major labels and hundreds of independents and have more ways to discover, share and acquire new music and old favorites with community features like the ability to email tracks to friends and browse other members’ collections. Napster also offers Napster Light, a “lighter” version of the service for those who just want to purchase songs and albums a la carte. Napster is currently available in the United States, Canada and the U.K. and is headquartered in Los Angeles with sales offices in New York, London and Frankfurt.
About XM Satellite Radio
XM (Nasdaq: XMSR) is America’s number one satellite radio service with more than 5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM’s 2005 lineup includes more than 150 digital channels of choice from coast to coast: the most commercial-free music channels, plus premier sports, talk, comedy, children’s and entertainment programming; and 21 channels of the most advanced traffic and weather information. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards.
XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan and Volkswagen/Audi, is available in more than 130 different vehicle models for 2006. 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.
Safe Harbor Statement
The matters discussed in this press release include forward-looking statements related to Napster’s relationship with XM Satellite Radio and the interoperability of the XM + Napster service with MP3 players that are subject to certain risks and uncertainties such as Napster’s interoperability with third party devices, Napster’s reliance on strategic partners, and the risks associated with product development, that could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Napster’s reports filed with the Securities and Exchange Commission (SEC), including the Company’s Quarterly Report on Form 10-Q as filed with the SEC on November 2, 2005, copies of which are available at the website maintained by the SEC at http://www.sec.gov. Napster assumes no obligation to update the forward-looking statements included in this press release.
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-Q filed with the Securities and Exchange Commission on 11-07-05. Copies of the filing are available upon request from XM Radio’s Investor Relations Department.
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- XM Satellite Radio
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