AOL Latin America and Big Entertainment Announce New Content and Commerce Alliance.FT. LAUDERDALE & BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--August 5, 1999-- Hollywood.com Web Site to Be Entertainment Anchor Tenant; bigE.com E-Commerce Property Gains Key Promotions In Shopping Areas on AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Services in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. AOL Latin America and Big Entertainment (Nasdaq: BIGE) today announced a multi-year commerce and content agreement under which BigE's movie Web site, Hollywood.com, will be an Anchor Tenant in the Entertainment Channels of AOL branded services in Latin America and BigE's e-commerce studio store, bigE.com, will be prominently positioned in the Shopping Channels Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
This agreement will bring Hollywood.com, a leading movie Web site, to Latin America. The service will include movie trailers, reviews, contests and other popular content from the Hollywood.com site. The e-commerce area will feature products from bigE.com, one of the world's largest online movie studio stores. AOL Latin America will be launching AOL and CompuServe branded Internet online services in Latin America beginning with the AOL Brazil service, scheduled to be available by the end of the year. Brazil is the fastest growing nation in Latin America with an estimated 160 million people and is one of the most important Internet markets in the world. Hollywood.com and bigE.com content will be translated into Portuguese for the Brazilian market and into Spanish for subsequent launches in Mexico and Argentina and other parts of Latin America. "Big Entertainment expects explosive growth of its Hollywood.com brand as a result of our partnership with AOL Latin America," said Mitchell Rubenstein, 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 BigE. "We look forward to joining forces with AOL Latin America to bring the best of "Hollywood" to Brazil and throughout Latin America." "With Big Entertainment's Hollywood.com as an Anchor Tenant and the bigE.com property across AOL services in Latin America, we have a fantastic opportunity to deliver the content and merchandise that Latin American consumers want, directly into their homes," said Charles Herington, President and CEO of AOL Latin America. "We are committed to forming alliances with great partners and making it easy and convenient to access information and shop online." About AOL Latin America AOL Latin America is a joint venture formed by America Online See AOL. , Inc. (NYSE NYSE See: New York Stock Exchange : AOL) and the Cisneros Group The Cisneros Group of Companies is one of the largest, privately held media, entertainment, telecommunications and consumer products organizations in the world. The Group owns or holds interests in companies ranging from broadcast television, networks and pay television businesses of Companies in December 1998. The joint venture will develop and manage localized AOL services initially for the region's rapidly growing online markets in Brazil, Mexico and Argentina, with other markets to be added in the future. The joint venture will combine America Online's world-class technology, interactive services expertise, world-renowned interactive services brands, and access to its global content and customer base of more than 17 million AOL members worldwide with the Cisneros Group's extensive management, operations and marketing expertise throughout Latin America. The joint venture will also be responsible for the development of the CompuServe brand in Latin America. Currently, AOL Brazil's Web site is available at www.br.aol.com About Big Entertainment Big Entertainment, Inc. was founded by Mitchell Rubenstein and Laurie S Laurie long in love with Jo March, he begs her to marry him and is rejected. [Am. Lit.: Louisa May Alcott Little Women] See : Love, Spurned . Silvers, who earlier founded the Sci-Fi Channel(tm). Big Entertainment owns Hollywood.com, bigE.com, and CinemaSource, a combination of movie-related Internet businesses that are being combined under the "Hollywood.com" brand. Hollywood.com (www.hollywood.com) is a premier movie website; bigE.com (www.bige.com) is a leading online movie studio store; and CinemaSource is the nation's largest provider of movie showtimes to the Internet. Big Entertainment also owns entertainment properties created for it by best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best authors and media celebrities, including Leonard Nimoy and Mickey Spillane Noun 1. Mickey Spillane - United States writer of popular detective novels (born in 1918) Frank Morrison Spillane, Spillane . BigE recently announced that it has signed an agreement in principle with CBS (Cell Broadcast Service) See cell broadcast. for CBS to receive an initial 35 percent ownership interest (with warrants to purchase an additional 5 percent ownership position) in Hollywood.com, bigE.com and CinemaSource in exchange for $100 million of promotion and content support over a period of seven years. Completion of the CBS transaction is subject to finalizing transaction documents and customary closing conditions. As also previously announced, BigE has entered into an agreement in principle to acquire the motion picture Internet and data properties of media industry analyst Paul Kagan Assets to be purchased include pkbaseline.com, one of the largest and most authoritative databases of movie and TV information. (The matters discussed herein that are 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. are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in Big Entertainment's filings with the Securities and Exchange Commission.) |
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