Eminem, DJ Green Lantern and other acts from the record label will host shows on the still unnamed channel, scheduled to begin in fall.
Billboard.com reported Monday that Eminem is looking forward to the freedom of satellite radio versus the broadcast restrictions of terrestrial radio.
"Once upon a time not too long ago, the feds wanted all my music off the air, now we'll be on Sirius 24 hours a day, playing the best hip-hop -- not just from Shady Records, but from everywhere," Eminem said in a statement. "We'll deliver an uncut hip-hop radio station like never before."
The rapper along with his manager Paul Rosenberg and Interscope Chairman Jimmy Iovine will serve as co-executive producers of the new channel.
"I can't wait to start dropping new material, exclusive tracks and uncensored hip-hop featuring me and everyone else, freely saying whatever we want," Eminem said.