SCIFI.com and Sirius Satellite Radio Announce Partnership to Develop 'Sci Fi Radio' Channel On Satellite Radio Service.
SCIFI.com, the official web site for SCI FI Channel, and Sirius Satellite Radio (Nasdaq: CDRD), the satellite radio broadcaster, today announced an agreement to create the SCI FI Radio channel on Sirius Satellite Radio's 100-channel satellite radio service. The new channel will leverage audio content streamed on the SCIFI.com site, including original audio drama productions from its immensely popular Seeing Ear Theatre area, as well as material developed exclusively for Sirius Satellite Radio.
SCIFI.com will produce SCI FI Radio at Sirius Satellite Radio's state-of-the-art recording and production facility in the National Broadcast Studio in New York City. Additional content from the leading science fiction web site will include readings, interviews, music, and other entertainment geared towards science fiction enthusiasts.
"This alliance with Sirius Satellite Radio allows us to reach a whole new audience by broadcasting SCIFI.com's audio productions directly into listeners' cars from coast to coast, 24 hours a day, seven days a week," said Ben Tatta, Group Vice President of USA Networks Interactive. "Sirius Satellite Radio is one of the most exciting new venues in the digital distribution of entertainment content, and we're thrilled to be part of their team."
"The popularity of science fiction has never been stronger and we are proud to be partnering with USA Networks Interactive's SCIFI.com, the authoritative voice for science fiction fans," said Joe Capobianco, Sirius Satellite Radio's senior vice president, content. "SCI FI Radio furthers our strategy of offering subscribers unique, high quality content created specifically for the audio environment."
SCIFI.com is a division of USA Networks Interactive, a USA Company (NASDAQ: USAI) which fulfills a variety of commerce, information and entertainment needs for its wired audience. SCIFI.com (www.scifi.com), a 1998 "People's Choice" Webby Award winner, is the official Web site of SCI FI Channel and has been lauded as the top online sci-fi destination since its debut in 1995. Dedicated to the vast spectrum of science fiction, science fact, fantasy, horror, the paranormal and the unknown, SCIFI.com features original entertainment, daily news, feature stories, games and ground-breaking special events.
Sirius Satellite Radio (www.siriusradio.com) is building a digital satellite radio system that will broadcast up to 100 channels of music and entertainment programming to motorists throughout the continental United States. The company plans to offer 50 channels of commercial-free music and up to 50 channels of news, sports and entertainment programming for a monthly subscription fee of $9.95. Sirius Satellite Radio has an exclusive agreement with Ford Motor Company to install Sirius receivers in Ford vehicles. Sirius Satellite Radio has also announced numerous content agreements including National Public Radio, Speedvision, Outdoor Life, Bloomberg and the BBC, as well as manufacturing agreements with Panasonic, Alpine, and Delphi Delco Electronics Systems. Operations are scheduled to commence at the end of the fourth quarter of 2000. Sirius will change its ticker from CDRD to SIRI in January 2000.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in Sirius Satellite Radio Inc.'s Annual Report on Form 10-K for the year ended December 31, 1998, filed under the company's former name, CD Radio Inc. Among the key factors that have a direct bearing on Sirius Satellite Radio's results of operations are the potential risk of delay in implementing Sirius Satellite Radio's business plan; increased costs of construction and launch of necessary satellites; dependence on satellite construction and launch contractors; dependence on Lucent Technologies; risk of launch failure; unproven market and unproven applications of existing technology; unavailability of Sirius Satellite Radio receivers; and Sirius Satellite Radio's need for additional financing.
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|Date:||Nov 19, 1999|
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