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ADVISORY/Chartwell Capital Management Announces $34 Million Mezzanine Funding of eMotion Inc., Leader in Digital Media Management.


News/Assignment Editors

ADVISORY...for Tuesday Tuesday: see week.  (June June: see month.  27)

--(BUSINESS WIRE)

Analysts Predict Explosion of Digital Media Management Market

To $2.2 Billion by 2003; Streaming Media See streaming audio, streaming video and digital media hub.  Services Market

Predicted To Grow Twentyfold Within Four Years

    WHO: Chartwell Capital Management will announce the $34 Million
         mezzanine funding of eMotion Inc., the leader in the digital
         media management space.

         GE Capital and Chartwell lead the round with additional
         funding from National Geographic, EMC, Enron, Sun
         Microsystems, Saudi International Bank and VERITAS Software.

         Spokespersons:

         --  Robert Griffin, CEO and President of eMotion

         --  Diana Murphy, Managing Director of Chartwell Capital
             Management

         --  Gregga Baxter, Head of Private Equity, Saudi
             International Bank

    WHAT: $34 million funding will ensure eMotion's continued
          leadership in state-of-the-art technology and further the
          company's global expansion.

    WHEN: Tuesday, June 27
          1:00 PM EST

    WHERE: Dial 800/230-1059

    WHY: As the growth of the Internet and use of broadband services
         increases, many Fortune 500 companies along with leaders in
         the entertainment, broadcasting and advertising industries,
         now recognize the need to manage their media assets. With the
         trend of increased bandwidth, better streaming technology
         along with expanded content, top companies are embracing
         digital media management as a driver to revenues and expanded
         business opportunities.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 27, 2000
Words:200
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