SiriusXM will continue to air every FIA
FORMULA ONE WORLD CHAMPIONSHIP™ Race on SiriusXM radios and
the SXM App through the 2024 season
FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2022 airs live this
Sunday, May 8
New weekly
F1® show, "Wheel to Wheel,"
airs Wednesday nights exclusively on SiriusXM
NEW
YORK, May 5, 2022 /PRNewswire/ -- Formula
1® and SiriusXM announced today a multi-year extension
to their relationship, which will continue to deliver coverage of
every F1® race to SiriusXM listeners nationwide through
2024.
All Formula 1 races will be available to subscribers on SiriusXM
radios and on the SXM App. Each event will air live from
start to finish on SiriusXM channel 81 (ESPN Xtra). Listeners
will hear the BBC 5 Live radio broadcast for each event.
Listeners can tune into live coverage of this weekend's first
ever FORMULA 1 CRYPTO.COM MIAMI
GRAND PRIX 2022 at the Miami International Autodrome on
Sunday, May 8 (3:30 pm ET).
"We are thrilled to announce the extension of our long term
relationship with Formula 1 this week on the eve of the inaugural
FORMULA 1 CRYPTO.COM MIAMI GRAND
PRIX, which will be the first of two U.S.-based races this season,"
said Scott Greenstein, SiriusXM's
President and Chief Content Officer. "Formula 1 races are
world-class events, which showcase a tremendous combination of
advanced technology, extraordinary drivers and challenging
circuits. The sport's popularity is increasing and the U.S.
is one of its fastest growing markets. We are excited to meet
that growing demand by adding a new weekly F1 show to our lineup in
addition to giving our listeners live access to every race."
"We are very happy to extend our relationship with SiriusXM,"
said Ian Holmes, Director of Media
Rights and Content Creation at Formula 1. "Formula 1
continues to attract new fans in North
America, with audience figures increasing, record numbers of
fans attending last season's U.S. Grand Prix and a capacity crowd
expected at the first Miami Grand Prix this weekend. The
United States is an important market for F1 and this extension
ensures that our fans can tune in and enjoy exciting Formula 1
content wherever they are in the country."
SiriusXM offers exclusive pre- and post-race programming on
Speed City F1, hosted by Jon
Massengale, Les Kiser,
Jonathan Green and Bob Varsha. Veteran F1 journalist
Chris Medland also contributes to
the coverage on Speed City F1, reporting on site from each
circuit. The show will air on SiriusXM channel 81 in the hour
before and after every Formula 1 race, offering listeners the
latest team news, a recap of qualifying results, driver interviews
and an in-depth look at that weekend's circuit.
The 2022 FIA Formula One World Championship season runs from
March through November and races around the globe on purpose-built
circuits, as well as some closed city streets circuits. This
season the schedule includes two races in the United States – the FORMULA 1 CRYPTO.COM
MIAMI GRAND PRIX this weekend and
the FORMULA 1 ARAMCO UNITED STATES
GRAND PRIX in October. The results of each race throughout
the season are combined to determine two titles, one for Drivers
and one for Constructors (teams).
For more information on SiriusXM, go to www.SiriusXM.com. For
more info on the 2022 Formula 1 season visit www.Formula1.com.
About Formula 1®
Formula 1® racing began in 1950 and is the world's most
prestigious motor racing competition, as well as the world's most
popular annual sporting series. Formula One World Championship
Limited is part of Formula 1® and holds the exclusive commercial
rights to the FIA Formula One World Championship™. Formula 1® is a
subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB,
LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One
Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1,
F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB
and related marks are trademarks of Formula One Licensing BV, a
Formula 1 company. All rights reserved.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio
entertainment company in North
America, and the premier programmer and platform for
subscription and digital advertising-supported audio products.
SiriusXM's platforms collectively reach approximately 150 million
listeners, the largest digital audio audience across paid and free
tiers in North America, and
deliver music, sports, talk, news, comedy, entertainment and
podcasts. Pandora, a subsidiary of SiriusXM, is the largest
ad-supported audio entertainment streaming service in the U.S.
SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make
it a leader in podcast hosting, production, distribution, analytics
and monetization. The Company's advertising sales arm, SXM Media,
leverages its scale, cross-platform sales organization, and ad tech
capabilities to deliver results for audio creators and advertisers.
SiriusXM, through Sirius XM Canada Holdings, Inc., also offers
satellite radio and audio entertainment in Canada. In addition to its audio entertainment
businesses, SiriusXM offers connected vehicle services to
automakers. For more about SiriusXM, please go
to: www.siriusxm.com.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: we have been, and may continue to
be, adversely affected by supply chain issues as a result of the
global semiconductor supply shortage; the ongoing COVID-19 pandemic
has introduced significant uncertainty to our business; we face
substantial competition and that competition is likely to increase
over time; if our efforts to attract and retain subscribers and
listeners, or convert listeners into subscribers, are not
successful, our business will be adversely affected; we engage in
extensive marketing efforts and the continued effectiveness of
those efforts is an important part of our business; we rely on
third parties for the operation of our business, and the failure of
third parties to perform could adversely affect our business; we
may not realize the benefits of acquisitions and other strategic
investments and initiatives; a substantial number of our Sirius XM
service subscribers periodically cancel their subscriptions and we
cannot predict how successful we will be at retaining customers;
our ability to profitably attract and retain subscribers to our
Sirius XM service as our marketing efforts reach more
price-sensitive consumers is uncertain; our business depends in
part on the auto industry; failure of our satellites would
significantly damage our business; our Sirius XM service may
experience harmful interference from wireless operations; our
Pandora ad-supported business has suffered a substantial and
consistent loss of monthly active users, which may adversely affect
our Pandora business; our failure to convince advertisers of the
benefits of our Pandora ad-supported service could harm our
business; if we are unable to maintain revenue growth from our
advertising products our results of operations will be adversely
affected; changes in mobile operating systems and browsers may
hinder our ability to sell advertising and market our services; if
we fail to accurately predict and play music, comedy or other
content that our Pandora listeners enjoy, we may fail to retain
existing and attract new listeners; privacy and data security laws
and regulations may hinder our ability to market our services, sell
advertising and impose legal liabilities; consumer protection laws
and our failure to comply with them could damage our business;
failure to comply with FCC requirements could damage our business;
if we fail to protect the security of personal information about
our customers, we could be subject to costly government enforcement
actions and private litigation and our reputation could suffer;
interruption or failure of our information technology and
communications systems could impair the delivery of our service and
harm our business; the market for music rights is changing and is
subject to significant uncertainties; our Pandora services depend
upon maintaining complex licenses with copyright owners, and these
licenses contain onerous terms; the rates we must pay for
"mechanical rights" to use musical works on our Pandora service
have increased substantially and these new rates may adversely
affect our business; failure to protect our intellectual property
or actions by third parties to enforce their intellectual property
rights could substantially harm our business and operating results;
some of our services and technologies may use "open source"
software, which may restrict how we use or distribute our services
or require that we release the source code subject to those
licenses; rapid technological and industry changes and new entrants
could adversely impact our services; we have a significant amount
of indebtedness, and our debt contains certain covenants that
restrict our operations; we are a "controlled company" within the
meaning of the NASDAQ listing rules and, as a result, qualify for,
and rely on, exemptions from certain corporate governance
requirements; while we currently pay a quarterly cash dividend to
holders of our common stock, we may change our dividend policy at
any time; our principal stockholder has significant influence,
including over actions requiring stockholder approval, and its
interests may differ from the interests of other holders of our
common stock; if we are unable to attract and retain qualified
personnel, our business could be harmed; our facilities could be
damaged by natural catastrophes or terrorist activities; the
unfavorable outcome of pending or future litigation could have an
adverse impact on our operations and financial condition; we may be
exposed to liabilities that other entertainment service providers
would not customarily be subject to; and our business and prospects
depend on the strength of our brands. Additional factors that could
cause our results to differ materially from those described in the
forward-looking statements can be found in our Annual Report on
Form 10-K for the year ended December 31, 2021, which is filed with
the Securities and Exchange Commission (the "SEC") and available at
the SEC's Internet site (http://www.sec.gov). The information set
forth herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
Source: SiriusXM
Media contacts:
For SiriusXM
Andrew.FitzPatrick@SiriusXM.com
Kevin.Bruns@SiriusXM.com
For F1
F1Media@F1.com
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SOURCE Sirius XM Holdings Inc.