Co-branded series produced by both parties.

XM Satellite Radio and Concord Music Group have introduced a series of co-branded compilation CDs produced by both parties.

The first CD, called “Watercolors Series” is scheduled for release this summer, and will highlight songs by contemporary jazz artists featured on XM’s “Watercolors” jazz-focused channel.

Both companies will jointly market the CDs, which are expected to be available at major retailers and via the Concord Web site.