SANTA MONICA, Calif. and
NEW YORK, Dec. 13, 2017 /PRNewswire/ -- Laugh Out Loud, the
comedy brand and multi-platform network created by Kevin Hart and Lionsgate (NYSE: LGF.A, LGF.B),
and SiriusXM (NASDAQ: SIRI) today announced an agreement to
launch a new fulltime comedy channel with Hart, one of the top
comedians working today. The channel extends the Laugh Out Loud
brand to radio for the first time, reaching SiriusXM's more than 32
million subscribers.
The new channel, which launches early next year, will feature a
weekly show hosted by Hart. Considered one of the world's top
comedians, Hart will also handpick a selection of diverse comedic
voices to create, produce and star on the channel's wide range of
comedy programming.
"I am very excited to create a channel on SiriusXM that will be
home to new frontiers in comedy," said Hart. "After launching
our Laugh Out Loud video network, which is off to a fast start, our
goal is to make the world laugh by reaching people wherever they
are. SiriusXM is the perfect partner to introduce a whole new
audience to our Laugh Out Loud brand. The world will soon discover
that - believe it or not - I'm even funnier on radio."
"Kevin Hart is an unparalleled
entertainer. SiriusXM is excited to have Kevin create a new channel
that showcases his many talents and features other comedy voices
chosen by Kevin. Our subscribers will love it," said Scott Greenstein, President and Chief Content
Officer, SiriusXM. "We are also very proud Kevin has chosen
SiriusXM as his audio home and look forward to seeing what he has
in store for this channel. Stay tuned."
Laugh Out Loud launched its multi-platform network and streaming
video service in August, bringing fans original scripted and
unscripted comedy series, stand-up specials, licensed programming,
and live broadcasts. In the first 30 days, the service was
downloaded more than 500,000 times and catapulted into the top
three of Apple iOS' entertainment app rankings. For more,
visit LaughOutLoud.com.
ABOUT SIRIUS XM
Sirius XM Holdings Inc. (NASDAQ: SIRI)
is the world's largest radio company measured by revenue and has
approximately 32.2 million subscribers. SiriusXM creates and offers
commercial-free music; premier sports talk and live events; comedy;
news; exclusive talk and entertainment, and a wide-range of Latin
music, sports and talk programming. SiriusXM is available in
vehicles from every major car company and on smartphones and other
connected devices as well as online at siriusxm.com. SiriusXM
radios and accessories are available from retailers nationwide and
online at SiriusXM. SiriusXM also provides premium traffic,
weather, data and information services for subscribers through
SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™.
SiriusXM delivers weather, data and information services to
aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™.
In addition, SiriusXM Music for Business provides commercial-free
music to a variety of businesses. SiriusXM holds a minority
interest in SiriusXM Canada which has approximately 2.8 million
subscribers. SiriusXM is also a leading provider of connected
vehicles services, giving customers access to a suite of safety,
security, and convenience services including automatic crash
notification, stolen vehicle recovery assistance, enhanced roadside
assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit
http://www.siriusxm.com/LogosAndPhotos.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
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: our substantial competition, which is
likely to increase over time; our ability to attract and retain
subscribers, which is uncertain; interference to our service from
wireless operations; consumer protection laws and their
enforcement; unfavorable outcomes of pending or future litigation;
the market for music rights, which is changing and subject to
uncertainties; our dependence upon the auto industry; general
economic conditions; the security of the personal information about
our customers; existing or future government laws and regulations
could harm our business; failure of our satellites would
significantly damage our business; the interruption or failure of
our information technology and communications systems; our failure
to realize benefits of acquisitions or other strategic initiatives;
rapid technological and industry changes; failure of third parties
to perform; our failure to comply with FCC requirements;
modifications to our business plan; our indebtedness; our principal
stockholder has significant influence over our affairs and over
actions requiring stockholder approval and its interests may differ
from interests of other holders of our common stock; impairment of
our business by third-party intellectual property rights; and
changes to our dividend policies which could occur at any time.
Additional factors that could cause our results to differ
materially from those described in the forward-looking statements
can be found in our Annual Report on Form 10-K for the year ended
December 31, 2016, which is filed
with the Securities and Exchange Commission (the "SEC") and
available at the SEC's Internet site
(http://www.sec.gov). The information set forth
herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
ABOUT LAUGH OUT LOUD
Laugh Out Loud is a comedy brand
and multi-platform network founded by the world's top comedian
Kevin Hart, in partnership with
Lionsgate. Through his streaming video service Hart delivers his
vision for the future of comedy: social, mobile, multicultural and
seriously funny. From stand-up legends to globally-recognized
digital influencers, Hart and LOL curate comedy's boldest voices to
produce original scripted and unscripted series, stand-up specials,
live broadcasts and special events. Hart brings the
groundbreaking social-first strategy that earned him 100 million+
followers to Laugh Out Loud, with one core mission: keep the world
laughing. Dope Comedy. Delivered Daily. Always On. Always
Loud. Directly from Kevin Hart and
his hand-picked crew of comedic rockstars.
ABOUT LIONSGATE
The first major new studio in decades,
Lionsgate is a global content platform whose films, television
series, digital products and linear and over-the-top platforms
reach next generation audiences around the world. In addition
to its filmed entertainment leadership, Lionsgate content drives a
growing presence in interactive and location-based entertainment,
gaming, virtual reality and other new entertainment
technologies. Lionsgate's content initiatives are backed by a
16,000-title film and television library and delivered through a
global licensing infrastructure. The Lionsgate brand is
synonymous with original, daring and ground-breaking content
created with special emphasis on the evolving patterns and diverse
composition of the Company's worldwide consumer base.
For more information, please contact:
For Lionsgate:
Peter Wilkes
PWilkes@lionsgate.com
(310) 255-3726
For Laugh Out Loud:
Metro Public Relations
Laura Michael
lol@metropublicrelations.com
(310) 601-3211
For SiriusXM:
Patrick Reilly
(212) 901-6646
patrick.reilly@siriusxm.com
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SOURCE Sirius XM Holdings Inc.