The hour-long show will be a mix of music hand-selected by Dylan as well as commentary, according to XM, which claims more than 5 million subscribers. Dylan also will interview guests, including other artists.
"Songs and music have always inspired me," Dylan was quoted as saying in the statement. "A lot of my own songs have been played on the radio, but this is the first time I've ever been on the other side of the mic. It'll be as exciting for me as it is for XM."
The show will be on XM's deep album rock channel Deep Tracks — XM channel 40.
XM broadcasts live daily from studios in Washington, New York City and Nashville, Tenn.