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SIRI » Topics » BMW.

This excerpt taken from the SIRI 10-K filed Mar 13, 2006.
BMW. In September 2005, we entered into a new agreement with BMW of North America, which extends our exclusive relationship until August 2008. We share with BMW a portion of the revenues we derive from subscribers using BMW and MINI vehicles equipped to receive our service. In addition, we reimburse BMW for certain promotional, hardware and development expenses incurred in connection with the installation of SIRIUS radios in its vehicles.

      

This excerpt taken from the SIRI 10-K filed Mar 16, 2005.
BMW. SIRIUS radios are available as a factory-installed option on all BMW 5-Series, 6-Series and 7-Series vehicles, and are expected to be available as a factory-installed option on the 2006 model year BMW 3-Series, with a one-year subscription to the SIRIUS service included in the price of the vehicles. BMW also offers SIRIUS radios as a dealer-installed accessory at BMW centers across the country. BMW vehicles are equipped with in-dash stereos that are compatible with SIRIUS radios. Most MINI cars are also factory equipped with SIRIUS-compatible radios. As part of our agreement with BMW, we share with BMW a portion of the revenues we derive from subscribers using BMW and MINI vehicles equipped to receive our service. In addition, we reimburse BMW for certain promotional, hardware and development expenses incurred by BMW in connection with the installation of SIRIUS radios in BMW vehicles.

      

EXCERPTS ON THIS PAGE:

10-K
Mar 13, 2006
10-K
Mar 16, 2005

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