SIRIUSXM UNVEILS “LISTEN NEXT” INITIATIVE

Together with First Launch Sponsor State Farm®, the Company is Amplifying Podcasting’s Next Generation of Stars

New York, NY – March 5, 2024 – SiriusXM today announced Listen Next, a new initiative designed to develop diverse audio talent and promote inclusivity in podcasting. Listen Next will pair the power of SiriusXM and first launch sponsor State Farm with leading, diverse-led production companies to help the next generation of creators break through the audio landscape and launch successful, sustainable podcasting careers. The program’s first season will launch with the first show, “Stars and Stars with Isa,” produced in collaboration with Futuro Studios, premiering March 19.

Listen Next will include a full year of distribution, marketing resources, production support from the specialists at SiriusXM’s Stitcher Studios, networking opportunities and guidance from talent and executives across the podcasting industry. Podcasters will retain full ownership rights to their work. In collaboration with the production studios behind the shows, Listen Next will amplify creators both in front of and behind the mic, and offer a megaphone to their stories.

”With Listen Next, we’re thrilled to accelerate the audio careers of the next generation of podcasting stars and contribute to a more inclusive audio industry,” said Kameel Stanley, Program Director, Stitcher Studios. "By collaborating directly with diverse-led production studios, we are able to make a greater impact in amplifying rising voices behind the mic. We’re thrilled to work with these studios and creators to bring Listen Next to life in 2024, and to welcome new talent into the SiriusXM family.”

By sponsoring the inaugural Listen Next season, State Farm is empowering the next generation of podcasters to focus on developing their shows and stretching their creativity at the very start of their podcasting journeys. In doing so, State Farm is making a direct contribution to the diversification of podcasting and the support of BIPOC creators at the earliest stage, before the shows even launch.

“As podcast listenership continues to grow and become more diverse, we are thrilled to play a small part in helping to develop and elevate new voices in the space,” said Mike Reid, Vice President of Revenue Partnerships at SiriusXM Media. “By bringing sponsors into the program, we can do even more to not only amplify these much-needed voices, and directly support them in launching their podcasting careers. We are thrilled to have State Farm joining us in investing not only in the next generation of great BIPOC creators, but also in our overall mission to amplify diverse voices and uplift future podcasting superstars.”

“Podcasts are increasing in popularity especially with younger generations, so it is imperative that new talent can showcase their perspectives and creative talents across the growing digital landscape,” said Brent Malik Bynum, Marketing Director at State Farm. “State Farm is excited to be collaborating with SiriusXM to lead the way for more diverse voices to connect with listeners worldwide.”

To learn more about the program, visit siriusxmmedia.com/listennext.

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About Sirius XM Holdings Inc.

SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined monthly audience of approximately 150 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

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The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: Risks Relating to our Business and Operations: We have been, and may continue to be, adversely affected by supply chain issues; we may be adversely affected by the war in Ukraine; we face substantial competition and that competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; failure to successfully monetize and generate revenues from podcasts and other non-music content could adversely affect our business, operating results, and financial condition; we may not realize the benefits of acquisitions or other strategic investments and initiatives; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; and the impact of economic conditions may adversely affect our business, operating results, and financial condition. 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Source: SiriusXM

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