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CORRECTION - Verizon and SiriusXM team up to bring SiriusXM with 360L to new Audi vehicles

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Verizon Communications (NYSE: VZ) and SiriusXM have announced a partnership to integrate SiriusXM with 360L into 10 2021 model year Audi vehicles in the U.S. This advanced audio platform combines satellite and streaming content for a seamless listening experience. The partnership utilizes Verizon's 4G LTE network to provide reliable access to SiriusXM's On Demand content. Audi customers will also receive a complimentary six-month trial of Audi connect services and a three-month trial subscription to SiriusXM’s All Access package with their vehicle purchase or lease.

Positive
  • Partnership with SiriusXM enhances Audi vehicles with advanced audio entertainment.
  • Integration of SiriusXM with 360L improves content delivery for Audi customers.
  • Audi customers receive complimentary trials of Audi connect services and SiriusXM subscription.
Negative
  • None.

NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Verizon Communications (NYSE, Nasdaq: VZ) please note that in the first paragraph of the release, the number of 2021 model year Audi vehicles should be 10 and not 11, as was inadvertently stated by the newswire. The corrected release follows:

Verizon and SiriusXM are teaming up to deliver SiriusXM with 360L – SiriusXM’s newest and most advanced audio entertainment platform – to 10 2021 model year Audi vehicles in the U.S. SiriusXM with 360L combines satellite and streaming content delivery into a single, cohesive in-vehicle entertainment experience. Verizon’s 4G LTE network powers SiriusXM with 360L’s streaming content by delivering fast, reliable in-vehicle access to SiriusXM’s On Demand content in more Audi models than ever before.

SiriusXM with 360L upgrades the way subscribers interact with the service by providing more choice in entertainment. Subscribers can tune into their favorite channels live via satellite, while Verizon’s 4G LTE network enables them to access their favorite SiriusXM streaming and On Demand content in new Audi vehicles anytime, virtually anywhere.

“Verizon’s fast and reliable 4G LTE network powers SiriusXM with 360L’s streaming content and enables us to deliver seamless in-vehicle access to our on-demand content in equipped Audi vehicles,” said Rodney Pickett, SVP, Automotive Partnerships, for SiriusXM. “Verizon’s network works in tandem with our satellite network to give drivers access to an unparalleled variety of premium content and in-vehicle personalization.”

For qualifying vehicles, Audi connect® CARE, PRIME and PLUS connectivity packages on these models feature a Verizon Unlimited data connection powered by Verizon’s 4G LTE network. Embedded in-vehicle Wi-Fi is available with PRIME and PLUS packages. Audi customers will receive a complimentary six-month trial of all Audi connect® services including the subscription-free Audi connect® CARE package. Audi owners also receive a three-month trial subscription to SiriusXM’s All Access package with the purchase or lease of equipped 2021 model vehicles.

“Our partnership with Verizon gives us the opportunity to amplify new and existing services to Audi customers wherever the road takes them,” said Pom Malhotra, Director, Connected Vehicle & Data, Audi of America. “Advanced connectivity from Verizon, and the exciting in-vehicle entertainment features of SiriusXM with 360L, are examples of how we continue to demonstrate our commitment to customers and the future of mobility.”

“Teaming up with SiriusXM enables us to deliver immersive experiences for Audi customers through on-demand access to their favorite SiriusXM content and music,” said Andy Brady, Vice President, Sales at Verizon. “Through our existing partnership with Audi, we continue to drive innovation and change the future of mobility by connecting customers to the music and content they love most whenever they get in their Audi vehicle.”

About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora together reach more than 100 million people each month with their audio products. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers and directly to consumers through aftermarket devices. For more about SiriusXM, please go to: www.siriusxm.com.

ABOUT AUDI OF AMERICA
Audi of America, Inc. and its U.S. dealers offer a full line of German-engineered luxury vehicles. AUDI AG is among the most successful luxury automotive brands, delivering about 1.845 million vehicles globally in 2019. In the U.S., Audi of America sold just over 224,000 vehicles in 2019. Visit audiusa.com or media.audiusa.com for more information regarding Audi vehicles and business topics.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019.  The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Nicole Worley
949.643.4378
nicole.worley@verizon.com       

 

FAQ

What is the significance of the Verizon and SiriusXM partnership for VZ stock?

The partnership aims to enhance vehicle entertainment experiences, which could positively impact Verizon's growth and customer satisfaction.

How many Audi vehicles will feature SiriusXM with 360L powered by Verizon?

SiriusXM with 360L will be available in 10 2021 model year Audi vehicles.

What benefits do Audi customers get from the Verizon and SiriusXM collaboration?

Audi customers will enjoy enhanced audio streaming, complimentary trials of Audi connect services, and a trial subscription to SiriusXM’s All Access package.

How does Verizon's 4G LTE network support the SiriusXM service?

Verizon's 4G LTE network provides fast and reliable access to streaming content for SiriusXM, enhancing the in-vehicle entertainment experience.

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