Pioneer Information

Yahoo! to Provide Music and Entertainment Content for Pioneer Digital Library

Long Beach, CA 10/22/2002

Pioneer Electronics (USA) Inc. announced today that Yahoo! Inc. (Nasdaq:YHOO) will provide Pioneer access to key music and entertainment content from Yahoo!'s site through the DigitaLibrary, which is the first in the company's line of Digital Network Entertainment products. The DigitaLibrary allows users to distribute multi-media content including music, video, photos and Internet content, wirelessly or through wired connections throughout the home. Pioneer is currently beta testing the DigitaLibrary with content from LAUNCH, the music destination on Yahoo! and Yahoo! Movies.

Yahoo! is the exclusive provider of music videos, Internet radio, movie trailers and music news, which is updated six times daily. Yahoo! was selected because of the wide variety of music and entertainment offerings on its site, its dedication and commitment to the project, and its high quality audio and video capabilities.

The DigitaLibrary platform makes it easy to add additional content as new services from Yahoo! become available.

"We're thrilled with Yahoo's robust music and video offerings," said Bob Niimi, senior vice president of Digital Network Entertainment for Pioneer Electronics (USA) Inc. "It's a perfect match for this first generation of DigitaLibrary."

Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. LAUNCH provides Yahoo! consumers with comprehensive music-related content, features and information. Users can access a wide selection of streaming audio, exclusive artist features, music news, and the Web's largest collection of music videos. Yahoo! Movies provides consumers with a start-to-finish experience, including sneak peek information on movies in production, exclusive previews, movie times, ticket purchasing and a community of film lovers with which to share and exchange ideas and opinions.

Pioneer's Home Entertainment Division is the leading manufacturer of plasma and projection televisions, DVD players and DVD recorders, A/V receivers, CD players and CD recorders, speakers and other audio and video accessories. Its focus is on the development of new digital technologies including Digital Network Entertainment. The company markets its products under the Pioneer and Pioneer Elite brand names. When purchased from an authorized dealer, consumers receive a limited warranty for one year with Pioneer products and two years with Pioneer Elite products.

Pioneer Electronics (USA) Inc. is headquartered in Long Beach, Calif., and its U.S. Web address is www.pioneerelectronics.com. Its parent company, Pioneer Corporation, is a leader in optical disc technology and a preeminent manufacturer of high-performance audio, video, computer and cable television equipment for the home, car and business markets. Pioneer Corporation focuses on four, core business domains including DVD, display technologies, Digital Network Entertainment™ and components. Founded in 1938 in Tokyo, Pioneer Corporation and its affiliates employ more than 31,000 people worldwide. Its shares are traded on the New York Stock Exchange (NYSE: PIO).

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