XM Satellite Radio and Warner Music Group Reach Multi-Year Agreement on Pioneer Inno and Future Devices

Agreement Marks XM’s Second With a Major Music Company to Resolve Dispute Over XM Devices With Advanced Recording Features

XM Satellite Radio and Warner Music Group today announced that they have resolved the lawsuit brought by Warner Music Group against XM over its Pioneer Inno, a portable satellite radio with advanced recording features. The companies did not disclose terms of the deal. Warner Music Group is the second music company to resolve its dispute with XM regarding radios with advanced recording functionality. A similar agreement between XM and Universal Music Group was announced on December 17. Both agreements are multi-year deals that cover current XM radios and future devices. Warner Music Group has withdrawn as a party to the
complaint filed by the major record companies against XM in May 2006.

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