Steven Posted September 13, 2005 Share Posted September 13, 2005 XM SATELLITE RADIO AND NATIONAL HOCKEY LEAGUE ANNOUNCE LONG-TERM AGREEMENT XM To Begin Broadcasting NHL Games In October 2005 NHL Chooses XM As Its Exclusive Satellite Radio Network Starting in 2007 Washington D.C., September 12, 2005 -- XM Satellite Radio (NASDAQ: XMSR), the nation's leading satellite radio service with more than 4.4 million subscribers, and the National Hockey League (NHL) today announced a 10-year, $100-million agreement that makes XM the exclusive satellite radio network of the NHL beginning with the 2007-2008 season. XM will begin broadcasting NHL games with the launch of the new 2005-2006 season and will become the League's exclusive satellite radio broadcast partner in 2007. In addition to providing live play-by-play coverage of more than 1,000 games per season, XM will create a dedicated NHL radio channel featuring original programming that will focus on all aspects of the sport. NHL games and the NHL channel will be available in Canada through XM's partner, Canadian Satellite Radio (CSR), which is funding a portion of the agreement. CSR has been awarded a license to distribute satellite radio in Canada, as recently approved by the Federal Cabinet. "We are thrilled about the National Hockey League's decision to partner with XM Satellite Radio," said Hugh Panero, President and CEO of XM Satellite Radio. "The clear winners of this partnership are the millions of hockey fans here in the U.S. and in Canada who are incredibly passionate about their favorite NHL team, and who will now be able to follow them regardless of where they call home." "We're delighted to have XM as our newest satellite radio partner," said NHL Commissioner Gary Bettman. "At this exciting time in the League's history, a new partnership with XM allows us to offer hockey fans unprecedented NHL coverage on the nation's largest satellite radio service." XM's comprehensive coverage of the NHL will include games from every team, as well as the NHL All-Star Game, the Stanley Cup Playoffs and the Stanley Cup Final. XM will start its NHL schedule with sweeping coverage of Opening Night on October 5, 2005. Panero continued, "XM and its Canadian partner CSR are excited to participate in the resurgence of this great sport." Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/ Share on other sites More sharing options...
Ayepecks Posted September 13, 2005 Share Posted September 13, 2005 $100 million? $10 million per year?! XM is really betting on this working out... Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586516321 Share on other sites More sharing options...
DreAming in DigITal Posted September 13, 2005 Share Posted September 13, 2005 Nice! I got XM and all I do is listen to sports...so this will be a nice addition. Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586516512 Share on other sites More sharing options...
quigley0 Posted September 13, 2005 Share Posted September 13, 2005 Does XM do football also? I know that SIRIUS does football. That would REALLY hurt SIRIUS if XM can get an exclusive NFL deal. Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586518739 Share on other sites More sharing options...
.... Posted September 13, 2005 Share Posted September 13, 2005 Holy crap....way to waste money on a league on life support. :o Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586518780 Share on other sites More sharing options...
Gfunk4life Posted September 13, 2005 Share Posted September 13, 2005 lol, good one BOOGSoftball but that is a big deal for the NHL, but your right nhl could just die Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586519610 Share on other sites More sharing options...
Fred Derf Veteran Posted September 14, 2005 Veteran Share Posted September 14, 2005 Holy crap....way to waste money on a league on life support. :o 586518780[/snapback] The owners don't seem to think so. They're still signing guys to fairly big money and multi-year contracts. Considering that there are no guarantees that revenues will exceed expectations which could result in an even lower cap next year, these multi-year contracts are a bit of a gamble. Link to comment https://www.neowin.net/forum/topic/371338-nhl-xm-satellite-radio-nhl-sign-10-year-deal/#findComment-586524234 Share on other sites More sharing options...
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