All new and present Lucid homeowners will get entry to SiriusXM’s complete audio leisure providing, together with a free 3-month trial subscription
Beta model of SiriusXM to launch in Lucid automobiles quickly, with full implementation deliberate for 2023
NEW YORK and NEWARK, Calif., Oct. 31, 2022 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) and Lucid Group, Inc. (NASDAQ: LCID) introduced at present that SiriusXM’s audio leisure expertise might be a normal in-dash function throughout the complete lineup of Lucid automobiles. With this new settlement, SiriusXM will debut within the award-winning luxurious electrical automobiles from Lucid, which embrace the Lucid Air, the longest-range, fastest-charging electrical automobile available on the market. SiriusXM might be accessible on all the Lucid Air automobile lineup, together with Lucid Air Dream Version, Air Grand Touring Efficiency, Air Grand Touring, Air Touring and Air Pure.
A beta model of SiriusXM might be accessible quickly without charge to Lucid homeowners, who will obtain entry to a whole bunch of SiriusXM channels plus entry to podcasts and different on-demand SiriusXM programming. In 2023, SiriusXM and Lucid count on to ship the complete SiriusXM implementation to Lucid homeowners with further options that can improve their in-car audio leisure expertise. Upon the complete launch, all Lucid Air homeowners will obtain a free three-month trial subscription to SiriusXM.
“Lucid has created a unprecedented lineup of automobiles, combining distinctive consolation with groundbreaking expertise,” mentioned Joe Verbrugge, Chief Business Officer, SiriusXM. “SiriusXM offers an unmatched audio expertise within the automobile and we’re wanting ahead to delivering to each Lucid driver our distinctive mixture of music, leisure, sports activities and extra, together with useful options that make it simpler to search out the sort of programming they’re going to love from throughout our wide-ranging content material lineup.”
“We’re thrilled to supply Lucid prospects the unimaginable breadth and depth of SiriusXM’s audio programming with expertly curated music, leisure and sports activities, personalised to suit the vibe of any size street journey,” mentioned Michael Bell, Lucid’s Senior Vice President of Digital. “Our prospects have requested SiriusXM, and within the coming months, all new and present Lucid Air homeowners will obtain a beta model of SiriusXM through an over-the-air software program replace, making their audio expertise even higher.”
Designed as a real software-defined automobile, Lucid Air was engineered from the begin to get higher over time with future-ready {hardware} so new options can simply be added. The addition of SiriusXM is simply the newest instance of how over-the-air software program updates allow Lucid Air prospects to boost their expertise and meet their wants lengthy after they take supply.
SiriusXM’s music channels are expertly curated, ad-free, and ship an exceptionally big range of audio decisions for listeners. Masking each style throughout many a long time, channels function widespread tracks and deep cuts from widespread artists, in addition to introduce listeners to new and rising musicians and bands. Artist-branded channels from Corridor of Fame and iconic expertise function authentic content material that may’t be heard anyplace else. SiriusXM’s concept-based channels equivalent to Highway Journey Radio and Yacht Rock Radio, or its many exercise and mood-based channels, are designed to ship a extra personalised music expertise that matches the second.
Lucid homeowners can have entry to SiriusXM’s Pandora Stations function, which employs Pandora’s personalization expertise to offer customers the flexibility to create channels based mostly on their favourite artists, after which customise these channels to play much more of what they need to hear.
SiriusXM gives essentially the most intensive lineup {of professional} and faculty sports activities in audio; information from across the nation and the world from many sources and political views; the inside track on the newest from the world of leisure; hours of stand-up by the funniest comics; and extra.
SiriusXM may also ship personalised suggestions to customers based mostly on their listening historical past to allow them to simply discover the programming that they like finest from throughout SiriusXM’s many channels.
For extra on all that SiriusXM gives go to SiriusXM.com.
About Lucid Group
Lucid’s mission is to encourage the adoption of sustainable vitality by creating superior applied sciences and essentially the most fascinating luxurious electrical automobiles centered across the human expertise. The corporate’s first automobile, Lucid Air, is a state-of-the-art luxurious sedan with a California-inspired design that options luxurious full-size inside house in a mid-size exterior footprint. Lucid Air Grand Touring options an official EPA estimated 516 miles of vary or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid’s manufacturing facility in Casa Grande, Arizona, are at present underway to U.S. prospects.
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 biggest digital audio viewers throughout paid and free tiers in North America, and ship music, speak, information, comedy, leisure and podcasts. SiriusXM gives essentially the most intensive lineup {of professional} and faculty sports activities in audio. Pandora, a subsidiary of SiriusXM, is the biggest 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 means of Sirius XM Canada Holdings, Inc., additionally gives satellite tv for pc radio and audio leisure in Canada. Along with its audio leisure companies, SiriusXM gives linked automobile providers to automakers. For extra about SiriusXM, please go to: www.siriusxm.com.
SiriusXM:
This communication incorporates “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995. Such statements embrace, however should not restricted to, statements about future monetary and working outcomes, our plans, goals, expectations and intentions with respect to future operations, services; and different statements recognized by phrases equivalent to “will probably consequence,” “are anticipated to,” “will proceed,” “is anticipated,” “estimated,” “imagine,” “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 tough to foretell and customarily past our management. Precise outcomes and the timing of occasions might 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 have now been, and should proceed to be, adversely affected by provide chain points on account of the worldwide semiconductor provide scarcity; 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, should not profitable, our enterprise might be adversely affected; we have interaction in intensive advertising 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 might not notice the advantages of acquisitions and different strategic investments and initiatives; the continued COVID-19 pandemic has launched important uncertainty to our enterprise; a considerable variety of our Sirius XM service subscribers periodically cancel their subscriptions and we can not predict how profitable we might be at retaining prospects; our capability to profitably entice and retain subscribers to our Sirius XM service as our advertising efforts attain extra price-sensitive shoppers is unsure; our enterprise relies upon partially on the auto business; failure of our satellites would considerably injury our enterprise; our Sirius XM service might 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 might be adversely affected; modifications in cellular working programs and browsers might 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 might fail to retain present and entice new listeners; privateness and information safety legal guidelines and rules might hinder our capability to market our providers, promote promoting and impose authorized liabilities; client safety legal guidelines and our failure to adjust to them may injury our enterprise; failure to adjust to FCC necessities may injury our enterprise; if we fail to guard the safety of non-public details about our prospects, we may very well be topic to pricey authorities enforcement actions and personal litigation and our status may endure; interruption or failure of our info expertise and communications programs 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 on sustaining complicated licenses with copyright homeowners, 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 might 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 might 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 modifications and new entrants may adversely affect our providers; we have now a big quantity of indebtedness, and our debt incorporates sure covenants that limit our operations; we’re a “managed firm” inside 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 present pay a quarterly money dividend to holders of our frequent inventory, we might change our dividend coverage at any time; our principal stockholder has important affect, together with over actions requiring stockholder approval, and its pursuits might differ from the pursuits of different holders of our frequent inventory; if we’re unable to draw and retain certified personnel, our enterprise may very well be harmed; our amenities may very well be broken by pure catastrophes or terrorist actions; the unfavorable consequence of pending or future litigation may have an hostile affect 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 depend upon the power of our manufacturers. Further elements that might trigger our outcomes to vary materially from these described within the forward-looking statements may be present in our Annual Report on Type 10-Ok for the 12 months ended December 31, 2021, and our Quarterly Report on Type 10-Q for the quarterly interval ended March 31, 2022, that are filed with the Securities and Alternate Fee (the “SEC”) and accessible on the SEC’s Web website (http://www.sec.gov). The data set forth herein speaks solely as of the date hereof, and we disclaim any intention or obligation to replace any ahead wanting statements on account of developments occurring after the date of this communication.
Lucid:
This communication contains “forward-looking statements” inside the that means of the “protected harbor” provisions of the USA Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases equivalent to “estimate,” “plan,” “challenge,” “forecast,” “intend,” “will,” “shall,” “count on,” “anticipate,” “imagine,” “search,” “goal,” “proceed,” “may,” “might,” “would possibly,” “doable,” “potential,” “predict” or different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embrace, however should not restricted to, statements concerning plans and expectations with respect to inclusion of SiriusXM’s audio leisure expertise in Lucid automobiles, associated timing and prices, and the promise of Lucid’s expertise. These statements are based mostly on numerous assumptions, whether or not or not recognized on this communication, and on the present expectations of Lucid’s administration. These forward-looking statements should not supposed to function, and should not be relied on by any investor as, a assure, an assurance, or a definitive assertion of reality or likelihood. Precise occasions and circumstances are tough or not possible to foretell and should differ from these forward-looking statements. Many precise occasions and circumstances are past the management of Lucid. These forward-looking statements are topic to plenty of dangers and uncertainties, together with these elements mentioned below the heading “Danger Elements” in Half II, Merchandise 1A of Lucid’s Quarterly Report on Type 10-Q for the quarter ended June 30, 2022, in addition to different paperwork Lucid has filed or will file with the Securities and Alternate Fee. If any of those dangers materialize or Lucid’s assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be further dangers that Lucid at present doesn’t know or that Lucid at present believes are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements mirror Lucid’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Lucid anticipates that subsequent occasions and developments will trigger Lucid’s assessments to alter. Nonetheless, whereas Lucid might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Lucid particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.
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SOURCE Lucid Group
