Method 1® and SiriusXM Announce Multi-Yr Extension

SiriusXM will proceed to air each FIA FORMULA ONE WORLD CHAMPIONSHIP™ Race on SiriusXM radios and the SXM App by way of the 2024 season

FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2022 airs dwell this Sunday, Could 8

New weekly F1® present, “Wheel to Wheel,” airs Wednesday nights completely on SiriusXM

NEW YORK, Could 5, 2022 /PRNewswire/ — Method 1® and SiriusXM introduced right this moment a multi-year extension to their relationship, which is able to proceed to ship protection of each F1® race to SiriusXM listeners nationwide by way of 2024.

SIRIUS XM logo. (PRNewsFoto/SIRIUS XM Radio)

SIRIUS XM emblem. (PRNewsFoto/SIRIUS XM Radio)

All Method 1 races shall be accessible to subscribers on SiriusXM radios and on the SXM App. Every occasion will air dwell from begin to end on SiriusXM channel 81 (ESPN Xtra). Listeners will hear the BBC 5 Reside radio broadcast for every occasion.

Listeners can tune into dwell protection of this weekend’s first ever FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2022 on the Miami Worldwide Autodrome on Sunday, Could 8 (3:30 pm ET).

“We’re thrilled to announce the extension of our long run relationship with Method 1 this week on the eve of the inaugural FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX, which would be the first of two U.S.-based races this season,” stated Scott Greenstein, SiriusXM’s President and Chief Content material Officer. “Method 1 races are world-class occasions, which showcase an incredible mixture of superior know-how, extraordinary drivers and difficult circuits. The game’s reputation is rising and the U.S. is one in all its quickest rising markets. We’re excited to satisfy that rising demand by including a brand new weekly F1 present to our lineup along with giving our listeners dwell entry to each race.”

“We’re very glad to increase our relationship with SiriusXM,” stated Ian Holmes, Director of Media Rights and Content material Creation at Method 1. “Method 1 continues to draw new followers in North America, with viewers figures rising, report numbers of followers attending final season’s U.S. Grand Prix and a capability crowd anticipated on the first Miami Grand Prix this weekend. The US is a vital marketplace for F1 and this extension ensures that our followers can tune in and luxuriate in thrilling Method 1 content material wherever they’re within the nation.”

SiriusXM provides unique pre- and post-race programming on Pace Metropolis F1, hosted by Jon Massengale, Les Kiser, Jonathan Inexperienced and Bob Varsha. Veteran F1 journalist Chris Medland additionally contributes to the protection on Pace Metropolis F1, reporting on web site from every circuit. The present will air on SiriusXM channel 81 within the hour earlier than and after each Method 1 race, providing listeners the newest group information, a recap of qualifying outcomes, driver interviews and an in-depth take a look at that weekend’s circuit.

The 2022 FIA Method One World Championship season runs from March by way of November and races across the globe on purpose-built circuits, in addition to some closed metropolis streets circuits. This season the schedule consists of two races in the US – the FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX this weekend and the FORMULA 1 ARAMCO UNITED STATES GRAND PRIX in October. The outcomes of every race all through the season are mixed to find out two titles, one for Drivers and one for Constructors (groups).

For extra info on SiriusXM, go to www.SiriusXM.com. For more information on the 2022 Method 1 season go to www.Formula1.com.

About Method 1®

Method 1® racing started in 1950 and is the world’s most prestigious motor racing competitors, in addition to the world’s hottest annual sporting sequence. Method One World Championship Restricted is a part of Method 1® and holds the unique business rights to the FIA Method One World Championship™. Method 1® is a subsidiary of Liberty Media Company (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Method One Group monitoring inventory. The F1 emblem, F1 FORMULA 1 emblem, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and associated marks are logos of Method One Licensing BV, a Method 1 firm. All rights reserved.

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the main audio leisure firm in North America, and the premier programmer and platform for subscription and digital advertising-supported audio merchandise. SiriusXM’s platforms collectively attain roughly 150 million listeners, the most important digital audio viewers throughout paid and free tiers in North America, and ship music, sports activities, speak, information, comedy, leisure and podcasts. Pandora, a subsidiary of SiriusXM, is the most important ad-supported audio leisure streaming service within the U.S. SiriusXM’s subsidiaries Stitcher, Simplecast and AdsWizz make it a pacesetter in podcast internet hosting, manufacturing, distribution, analytics and monetization. The Firm’s promoting gross sales arm, SXM Media, leverages its scale, cross-platform gross sales group, and advert tech capabilities to ship outcomes for audio creators and advertisers. SiriusXM, by way of Sirius XM Canada Holdings, Inc., additionally provides satellite tv for pc radio and audio leisure in Canada. Along with its audio leisure companies, SiriusXM provides related automobile providers to automakers. For extra about SiriusXM, please go to: www.siriusxm.com.

This communication incorporates “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Such statements embody, however will not be restricted to, statements about future monetary and working outcomes, our plans, aims, expectations and intentions with respect to future operations, services; and different statements recognized by phrases resembling “will doubtless outcome,” “are anticipated to,” “will proceed,” “is anticipated,” “estimated,” “consider,” “intend,” “plan,” “projection,” “outlook” or phrases of comparable that means. Such forward-looking statements are based mostly upon the present beliefs and expectations of our administration and are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies, a lot of that are troublesome to foretell and customarily past our management. Precise outcomes and the timing of occasions could differ materially from the outcomes anticipated in these forward-looking statements.

The next elements, amongst others, may trigger precise outcomes and the timing of occasions to vary materially from the anticipated outcomes or different expectations expressed within the forward-looking statements: we’ve been, and should proceed to be, adversely affected by provide chain points because of the worldwide semiconductor provide scarcity; the continued COVID-19 pandemic has launched important uncertainty to our enterprise; we face substantial competitors and that competitors is prone to enhance over time; if our efforts to draw and retain subscribers and listeners, or convert listeners into subscribers, will not be profitable, our enterprise shall be adversely affected; we interact in intensive advertising and marketing efforts and the continued effectiveness of these efforts is a vital a part of our enterprise; we depend on third events for the operation of our enterprise, and the failure of third events to carry out may adversely have an effect on our enterprise; we could not notice the advantages of acquisitions and different strategic investments and initiatives; a considerable variety of our Sirius XM service subscribers periodically cancel their subscriptions and we can’t predict how profitable we shall be at retaining clients; our capability to profitably appeal to and retain subscribers to our Sirius XM service as our advertising and marketing efforts attain extra price-sensitive shoppers is unsure; our enterprise relies upon partially on the auto business; failure of our satellites would considerably harm our enterprise; our Sirius XM service could expertise dangerous interference from wi-fi operations; our Pandora ad-supported enterprise has suffered a considerable and constant lack of month-to-month energetic customers, which can adversely have an effect on our Pandora enterprise; our failure to persuade advertisers of the advantages of our Pandora ad-supported service may hurt our enterprise; if we’re unable to keep up income progress from our promoting merchandise our outcomes of operations shall be adversely affected; adjustments in cell working methods and browsers could hinder our capability to promote promoting and market our providers; if we fail to precisely predict and play music, comedy or different content material that our Pandora listeners get pleasure from, we could fail to retain current and appeal to new listeners; privateness and knowledge safety legal guidelines and rules could hinder our capability to market our providers, promote promoting and impose authorized liabilities; shopper safety legal guidelines and our failure to adjust to them may harm our enterprise; failure to adjust to FCC necessities may harm our enterprise; if we fail to guard the safety of non-public details about our clients, we may very well be topic to pricey authorities enforcement actions and personal litigation and our popularity may endure; interruption or failure of our info know-how and communications methods may impair the supply of our service and hurt our enterprise; the marketplace for music rights is altering and is topic to important uncertainties; our Pandora providers rely upon sustaining complicated licenses with copyright house owners, and these licenses comprise onerous phrases; the charges we should pay for “mechanical rights” to make use of musical works on our Pandora service have elevated considerably and these new charges could adversely have an effect on our enterprise; failure to guard our mental property or actions by third events to implement their mental property rights may considerably hurt our enterprise and working outcomes; a few of our providers and applied sciences could use “open supply” software program, which can limit how we use or distribute our providers or require that we launch the supply code topic to these licenses; fast technological and business adjustments and new entrants may adversely influence our providers; we’ve a big quantity of indebtedness, and our debt incorporates sure covenants that limit our operations; we’re a “managed firm” throughout the that means of the NASDAQ itemizing guidelines and, because of this, qualify for, and depend on, exemptions from sure company governance necessities; whereas we at the moment pay a quarterly money dividend to holders of our widespread inventory, we could change our dividend coverage at any time; our principal stockholder has important affect, together with over actions requiring stockholder approval, and its pursuits could differ from the pursuits of different holders of our widespread inventory; if we’re unable to draw and retain certified personnel, our enterprise may very well be harmed; our services may very well be broken by pure catastrophes or terrorist actions; the unfavorable final result of pending or future litigation may have an opposed influence on our operations and monetary situation; we could also be uncovered to liabilities that different leisure service suppliers wouldn’t usually be topic to; and our enterprise and prospects rely upon the power of our manufacturers. Extra elements that would trigger our outcomes to vary materially from these described within the forward-looking statements might be present in our Annual Report on Kind 10-Okay for the yr ended December 31, 2021, which is filed with the Securities and Change Fee (the “SEC”) and accessible on the SEC’s Web web site (http://www.sec.gov). The knowledge set forth herein speaks solely as of the date hereof, and we disclaim any intention or obligation to replace any ahead wanting statements because of developments occurring after the date of this communication.

Supply: 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.

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