XM Satellite Radio and SONY BMG MUSIC ENTERTAINMENT Reach Agreement on Pioneer Inno

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

XM Satellite Radio and
SONY BMG MUSIC ENTERTAINMENT today announced that they have resolved
the lawsuit brought by SONY BMG against XM over its Pioneer Inno, a
portable satellite radio with advanced recording features. The
companies did not disclose terms of the deal.

SONY BMG is the third music company to resolve its dispute with XM
regarding radios with advanced recording functionality. Similar
agreements were announced in December 2007 between XM and both
Universal Music Group and Warner Music Group. SONY BMG has withdrawn as
a party to the complaint filed by the major record companies against XM
in May 2006.

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