Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ACTV, Inc. Acquires Key Online Media Patent From Wall Street Analyst Tom Wolzien.


Combination of Wolzien Process with ACTV's

Existing HyperTV(TM) Patents Forms Basis of

E-Commerce Platform for TV/Internet Convergence

NEW YORK--(BUSINESS WIRE)--April 19, 1999--

ACTV ACTV Active
ACTV Activate
ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy)
ACTV Advanced Compatible Television
, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:IATV) today announced that it has acquired a core online media patent from Wall Street media analyst Tom Wolzien regarding a proprietary method for linking video and audio programming with the Internet.

The Wolzien Process, when combined with ACTV's existing proprietary HyperTV(TM) application and patents, will enable ACTV to offer the first comprehensive software solution for the convergence of video and audio with the Internet. In addition to providing a superior method for improving the convergence experience for consumers, the combination of the Wolzien Process and HyperTV creates enormous e-commerce opportunities by incorporating enhanced Internet content with audio or video.

The Wolzien Process provides the means for consumers to "pull" relevant content from the Internet to augment television and radio programming and commercials. HyperTV enables content producers and advertisers to "push" compelling Internet content to consumers -- all synchronized syn·chro·nize  
v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es

v.intr.
1. To occur at the same time; be simultaneous.

2. To operate in unison.

v.tr.
1.
 to a television program or other video or audio-based program. Together, HyperTV and the Wolzien Process fill the gaps and create new synergies between television, radio and online media. They use the vast reach of television and radio to deliver consumers to online services, while using the ability of the Internet to provide powerful, new marketing and e-commerce capabilities to complement video and audio programming.

William C. Samuels, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of ACTV, Inc., said: "When we combine HyperTV with the Wolzien Process, the potential is vast, ranging from electronic commerce and entertainment, to education and public service. Like Tom, we have had a consistent vision for many years which is now coming to fruition. We're thrilled to have acquired the patent from someone who has such strong insight into our industry and an expert understanding of this tremendous opportunity."

Convergent media environments are already generating tremendous consumer demand and quickly emerging as a lucrative new arena for e-commerce. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a January survey by Showtime show·time or show time  
n.
1. The time at which an entertainment, such as the showing of a movie, is scheduled to start.

2. Slang The time at which an activity is to begin.

Noun 1.
 Networks, nearly one in five U.S. households exhibit convergent behavior, simultaneously viewing television and accessing the Internet. This represents more than 18 million convergent households in the U.S., an increase of more than 80% since December 1997. International Data Corporation (IDC) estimates that by the year 2000, business-to-consumer e-commerce revenues will reach $50 billion. IDC also reports that business-to-business e-commerce revenues will exceed $250 billion.

In addition to the HyperTV convergence applications available today, the acquisition of the Wolzien patent fortifies ACTV's position for the rollout of next-generation digital set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. , cable modems cable modem

Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet.
, and other consumer devices made possible by advances in digital and broadband technology broadband technology

Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals.
.

ABOUT THE WOLZIEN PROCESS & HYPERTV

With HyperTV, for example, a cable music network can allow viewers to log onto its Web site and "push" synchronized content to them that directly corresponds to the music video they are watching. The content can include lyrics to the current song, bios of featured band members, interactive trivia questions about the artist, or opportunities to purchase concert merchandise. During a break, a car commercial can be enhanced by delivering information from the company's Web site or the site of a local dealership where users receive more information about the car. With the addition of the Wolzien Process, consumers can "pull" -- directly from a link embedded Inserted into. See embedded system.  in the TV program or commercial -- related content from the Internet that enables them to purchase merchandise, arrange test drives of automobiles, or find out additional information about a product or service.

"While television and radio do great jobs of delivering mass audiences, the Internet provides consumers with the additional information, interactivity and sense of community they desire," said Craig Ullman, an inventor of HyperTV and ACTV's Keeper of the Magic. "The combined experience of television and/or radio with the Internet is much more powerful than either is alone."

The Wolzien Process, U.S. Patent No. 5,761,606, covers a proprietary process for allowing consumers to "pull" information from the Internet that is synchronized to a specific video program, audio program, commercial message or news story delivered via broadcast television, cable, satellite or pre-recorded media. The Wolzien Process was the subject of a March 15, 1999 story by TheStreet.com.

HyperTV enables content producers, such as television programmers and advertisers, to -- simultaneously, directly and in real time -- "push" to consumers compelling Internet content that directly corresponds to a television program or other video or audio-based program. Using ACTV's proprietary and proven methods, HyperTV permits the simultaneous and synchronized delivery of video, audio and Web URLs (Uniform Resource Locators See URL.

(World-Wide Web) Uniform Resource Locator - (URL, previously "Universal") A standard way of specifying the location of an object, typically a web page, on the Internet. Other types of object are described below.
) to users. HyperTV also has a database capability that captures valuable permission-based marketing information, such as consumer demographics and preferences.

Today, HyperTV users can watch video on a standard television set while viewing synchronized web content and interacting with other users via their computer. Or, they can receive streamed audio or video as well as synchronized web content on their computer. As digital cable and broadband technology proliferate pro·lif·er·ate
v.
To grow or multiply by rapidly producing new tissue, parts, cells, or offspring.
, users will be able to enjoy a HyperTV experience with video, audio, synchronized web content and chat simultaneously delivered to a TV set or a personal computer.

U.S. Patent No. 5,761,606, was granted to Wolzien last June, after being filed more than three years ago. The patent was purchased via ACTV subsidiary HyperTV Networks, Inc., and will be held by a newly formed venture called Media Online Services, which will be owned and operated by HyperTV Networks, Inc. The venture will work in coordination with ACTV's subsidiaries (ACTV Entertainment and HyperTV Networks, Inc.) to exploit the company's leading-edge technology and programming capabilities for digital television, broadband, and TV-Internet convergence. The acquisition of the patent from Wolzien was for an undisclosed amount of stock, cash, and other consideration.

ATTENTION TO SPECIAL POPULATIONS

In addition to broad applications in entertainment, education and e-commerce, ACTV and Wolzien both see major benefits in this new technology for special groups within the population. Non-profit public health organizations will be able to receive licenses to use the technology without charge in their television programming and public service announcements. For example, television announcements regarding AIDS, alcoholism, or mental illness could link a viewer directly to a web site where the person could get immediate assistance or information at the push of one button on the television remote.

The technology can also benefit disabled persons in the same way, if they can push the button to link the television with the web. However, many consumer electronic devices are not accessible to those with major disabilities. Massively disabled persons depend on special adaptive controls that convert the smallest of movements or air pressure changes into control data. Consumer electronics devices often don't have a way to accept this data. In a small attempt to call attention to this trend, manufacturers of hardware that incorporates the Wolzien Process will be encouraged to make their equipment accessible to the disabled through license incentives.

ABOUT ACTV, INC.

New York-based ACTV, Inc. is a leader in interactive digital television and a pioneer in TV-Internet convergence. Whether it's for the rapidly emerging digital television platform, the Internet or a convergent TV-Internet experience, ACTV uses its patented software applications -- HyperTV(TM) and "Individualized in·di·vid·u·al·ize  
tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es
1. To give individuality to.

2. To consider or treat individually; particularize.

3.
 Television" -- to dramatically enhance any television, video or audio program. ACTV is committed to improving the television and Internet experience for consumers by enabling the creation of more compelling content, while allowing programmers, advertisers and others to establish valuable one-to-one relationships with consumers.

ACTV has relationships with many of the dominant players in the Internet, television and digital technology fields, including: Liberty Media Group (NYSE NYSE

See: New York Stock Exchange
:LMG LMG Light Machine Gun
LMG Laurence M. Gould (Antarctic Research Support Vessel, USAP)
LMG Local Marketing Group
LMG Loaf's Merry Guild
LMG Laboratory Molecular Genetics
LMG Liquid Methane Gas
.A, LMG.B); AT&T Broadband & Internet Services (formerly Tele-Communications, Inc. - NYSE:T); General Instrument Corporation (NYSE:GIC GIC

See: Guaranteed Investment Contract


GIC

See guaranteed investment contract (GIC).
); Scientific-Atlanta, Inc. (NYSE:SFA See sales force automation.

SFA - Sales Force Automation
); Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982.  (NASDAQ:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA)
SUNW Stanford University Network Workstation (Sun Microsystems, Inc) 
); FOX Sports Net; TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers.  Music, Inc. (NASDAQ:TUNE, TUNEP); TV Guide Networks, Inc. (NASDAQ:TVGIA); SkyConnect, Inc.; Pioneer Digital Technologies, Inc.; Cablevision's Rainbow Sports; and The Sarnoff Corporation Sarnoff Corporation, with headquarters in Princeton, New Jersey, is the former RCA Laboratories. The headquarters is the site of the development of color television, CMOS technology, electron microscopy, and many other important technologies since the cornerstone was laid just . In September 1998, ACTV Entertainment and Liberty Media formed a joint venture, LMC/IATV Events, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. ACTV Entertainment and HyperTV Networks, Inc. are subsidiaries of ACTV, Inc.

For more information, visit ACTV's Web site at http://www.actv.com.

Disclaimer: This news release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 as defined by 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. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

NOTE TO EDITORS:

ACTV will hold a conference call today at 11:30 a.m. ET regarding today's announcement and other material events. Chairman and CEO William C. Samuels and Chief Creative Officer Craig Ullman will provide opening remarks, followed by a brief question and answer session. To participate, dial 1-888-428-4473 and specify "ACTV conference call."
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Apr 19, 1999
Words:1572
Previous Article:Xircom Announces New Comprehensive Reseller Program in the U.S.; Program Designed to Enhance Partnerships with VARs and Integrators.
Next Article:Psychiatric Group --AHEPZ-- of American Health Properties, Inc. Announces Redemption of 100% of Psychiatric Group Depositary Shares At $2.08 Per...
Topics:



Related Articles
DISNEY PLANNING INTERNET ENTRYWAY.
TURNER LAMENTS TIME WARNER'S SLUGGISH SHARES.
DISNEY JOINS DVD MARKET; COMPANY TO PUT TITLES ON DIGITAL VERSATILE DISCS.
MAKING THE MARRIAGE WORK : MERGER PARTNERS FACE TOUGH TIME SETTING UP HOUSEKEEPING.
LIFE AT MEDIA GIANT GOES ON DESPITE LOSS OF LEADING EXECUTIVE.
BRIEFCASE EARNINGS ESTIMATE FOR DISNEY RAISED.
DISNEY'S VALUE UP ON STOCK MARKET.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles