(LCOS) Vidnet.com to Host Lycos TV, the First Programmed Video Network From a Major Portal.Business Editors & Multimedia/Television Writers LOS ANGELES--(BUSINESS WIRE)--May 16, 2000 Entertainment Boulevard Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EBLD) today announced that Vidnet.com will host Lycos TV (http://tv.lycos.com), the Internet's only interactive, multi-channel video offering from a major portal, that lets users choose what they want to watch, when they want to watch it. Lycos Inc, (Nasdaq:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), the Internet's leading multi-brand network, launched Lycos TV today at Digital Hollywood in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Lycos TV is the first programmed video offering from a major Internet portal, providing free streaming aggregated content in an easy-to-use pop-up player. Vidnet.com is already one of the leading providers of streaming media See streaming audio, streaming video and digital media hub. through its Web site, which offers streaming music videos, movie trailers and extreme sports extreme sports Sports events characterized by high speed or high risk. Such sports include aggressive inline skating, wakeboarding, street luge, skateboarding, and freestyle bicycle events (wherein tricks such as back flips are performed on a bicycle). programming. Under the agreement, which includes e-commerce and advertising revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. , Vidnet will now be hosting the co-branded Lycos TV site and will provide much of the streaming content for the site, including streaming music videos, movie clips, and extreme sports footage, from its extensive library of streaming media. Both companies are also licensing footage from other sources; such footage will include streaming animation, news and comedy clips; all to be available from the co-branded Lycos/Vidnet.com site. Vidnet has already licensed content from WireBreak.com and Brilliant Digital Entertainment, who will be providing, respectively, short digital films and 3-D animated entertainment and information programming to Vidnet.com and Lycos TV. "Lycos' expansion into the on-line TV realm provides their viewers with a one-stop destination for a huge variety of services," said Stephen Brown Stephen Brown may refer to:
"Vidnet's streaming entertainment-related media, will provide our users with genre-specific content in one easy-to-use pop-up player, enhancing their multimedia video experience to the fullest," said Mark Stoever, vice president of emerging destinations for Lycos. About Lycos Inc. Founded in 1995, Lycos Inc. is a leading Web media company and owner of the Lycos Network, one of the most visited hubs on the Internet reaching nearly one out of every two U.S. Web users. The Lycos Network is a unified set of Web sites, attracting a diverse audience by offering a variety of services, including leading Web search and navigation resources; Web community and communications services including free homepage building, free Web-based e-mail See Internet e-mail service and HTML e-mail. , clubs, chat, instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or ; a personalized My Lycos start page; a comprehensive shopping center featuring more than 2,400 merchants; and an assortment of compelling content such as games, music, news, fun and educational information and activities for kids as well as information about investing, technology, entertainment, sports and small business. The Lycos Network is composed of Lycos.com, Tripod, WhoWhere, Angelfire, MailCity, HotBot, HotWired, Wired News, Webmonkey, Suck.com, Sonique, Quote, Gamesville and Lycos Zone. With headquarters near Boston in Waltham, Mass., Lycos Inc. is a global Internet leader with a major presence throughout the United States, Europe, Asia and Latin America. About Vidnet.com Vidnet, www.vidnet.com, is a division of Entertainment Boulevard Inc. (OTCBB:EBLD). Vidnet is one of the leading providers of streaming entertainment-related media on the Internet. Among the firm's Web sites is one of the most comprehensive interactive music video channels on the Web. Vidnet's music site has rapidly become a premier music destination site on the Internet. The firm's mandate of Internet global expansion includes not only increasing the content base and broadening the network channels on the Vidnet network, but also acting as a content aggregator to some of the largest companies on the Web. Based in Los Angeles, Vidnet continues to aggressively develop and implement strategic alliances with key commerce and entertainment companies, broadening its presence worldwide. Forward-looking statements in this news release are made pursuant to the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, the continued popularity of the company's Web sites and product orders stemming therefrom, increased levels of competition, technological change, dependence upon third-party suppliers, and other risks. Note to Editors: Lycos(R) is a registered trademark of Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . All other product or service marks mentioned herein are those of Lycos or their respective owners. |
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