- Sep 9, 2003
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http://biz.yahoo.com/e/041020/xmsr8-k.html
XM will pay MLB up to $50 million for 2005 and $60 million per year thereafter through 2012, with $120 million to be deposited into escrow in connection with the signing of the agreement.
MLB has the option to extend the agreement for the 2013, 2014 and 2015 seasons, at the same $60 million annual compensation rate. XM will also make incentive payments to MLB for XM subscribers obtained through MLB and baseball club verifiable promotional programs.
XM will pay MLB up to $50 million for 2005 and $60 million per year thereafter through 2012, with $120 million to be deposited into escrow in connection with the signing of the agreement.
MLB has the option to extend the agreement for the 2013, 2014 and 2015 seasons, at the same $60 million annual compensation rate. XM will also make incentive payments to MLB for XM subscribers obtained through MLB and baseball club verifiable promotional programs.
