Toyota and SiriusXM ink extension of their long-term agreement into 2028
NEW YORK, Jan. 30, 2019 /PRNewswire/ -- SiriusXM announced today that it has reached a landmark agreement with Toyota that will expand the installation of SiriusXM to all Toyota models and trims sold in the Continental U.S. The expansion is expected to start with 2020 model year vehicles produced in the Fall of 2019. The agreement will result in SiriusXM becoming a standard feature as Toyota's next generation head units are rolled out to Toyota cars, trucks and SUVs. The agreement also extends the long-term relationship between the two companies into 2028.
Toyota customers will continue to receive a three-month introductory subscription to SiriusXM All Access, which is SiriusXM's most expansive programming package and gives the subscriber access to SiriusXM both on the radio and via the SiriusXM app.
"This extension represents a milestone agreement between our two companies," said Christopher Lam, Senior Vice President & GM, Automotive Partnerships for SiriusXM. "Our long standing relationship with Toyota has helped grow SiriusXM to over 34 million subscribers, and we're excited that Toyota will now offer even more customers access to all of SiriusXM's exclusive, award-winning content."
"We are committed to delivering our customers the features and services they want, and because of the strong demand we see for SiriusXM, both from our customers and dealers, we're making SiriusXM standard across our entire model lineup," said Steve Basra, Vice President, Connected Technologies for Toyota Motor North America. "By building SiriusXM into every model and trim level, it will enable us to deliver SiriusXM to more Toyota drivers than ever before."
Customers who purchase or lease Toyota Certified Pre-Owned vehicles will also continue to receive a three-month introductory subscription to SiriusXM All Access.
SiriusXM All Access delivers the most comprehensive bundle of entertainment, sports and news programming available in the vehicle. It includes Howard Stern's two exclusive channels, commercial-free music from many genres, plus every NFL, MLB®, and NBA game, every NASCAR® race, NHL® games, PGA TOUR® coverage, college sports, some of the biggest names and brands in entertainment, news and comedy, and more.
SiriusXM All Access subscribers also get streaming access to SiriusXM, enabling them to connect to their favorite channels online, on-the-go with the SiriusXM mobile app, and at home on a wide variety of connected devices. The SiriusXM app offers more than 200 channels of content, including several exclusive online-only channels, and thousands of hours of on-demand content that allow the listener to hear more of what they want, when they want it.
Sirius XM Holdings Inc. (SIRI) is the world's largest radio company measured by revenue and has approximately 34 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has approximately 2.7 million subscribers. SiriusXM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit http://www.siriusxm.com/LogosAndPhotos.
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: our substantial competition, which is likely to increase over time; our ability to attract and retain subscribers, which is uncertain; interference to our service from wireless operations; consumer protection laws and their enforcement; unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject to uncertainties; our dependence upon the auto industry; general economic conditions; the security of the personal information about our customers; existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; our failure to realize benefits of acquisitions or other strategic initiatives; rapid technological and industry changes; failure of third parties to perform; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; our principal stockholder has significant influence over our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock; impairment of our business by third-party intellectual property rights; and changes to our dividend policies which could occur at any time. 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, 2017, 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.
Media contacts for SiriusXM:
View original content to download multimedia:http://www.prnewswire.com/news-releases/toyota-to-make-siriusxm-a-standard-feature-on-all-us-vehicles-across-entire-model-lineup-300786651.html