CenterSpan Inks Broad Digital Music Distribution Agreement With Sony Music Entertainment.Business Editors/High-Tech Writers HILLSBORO, Ore.--(BUSINESS WIRE)--Feb. 28, 2002 CenterSpan Enables Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. to Deliver Music From Sony Music Entertainment Sony Music Entertainment is a major global record label controlled by the Sony Corporation. In 1988, Sony Corporation acquired CBS Records, Inc. for $2 billion. CBS Inc., now CBS Corporation, retained the rights to the CBS name, and Sony renamed the label Artists Using CenterSpan's C-Star CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. Services 2.0 CenterSpan Communications Corp. (Nasdaq NM:CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) ) today announced an agreement with Sony Music Entertainment where the company will make recordings available from its catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of world-famous music performances for CenterSpan to digitally distribute via its secure, scalable C-Star CDN Services 2.0(TM) content delivery network to various C-Star service provider customers and their subscribers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . This non-exclusive agreement marks the first time Sony Music Entertainment has made its artists' music available to a digital distributor for use on a secure peer-to-peer delivery network. The agreement lets CenterSpan provide music from Sony Music Entertainment artists to a wide variety of online service providers seeking to offer their subscribers streaming and downloadable music. Using C-Star, service providers have the flexibility to cost effectively scale their offerings to fit a variety of business models, including pay-per-use, downloadable or streaming content. "Sony Music Entertainment has always supported new technological innovations that help us bring our artists' music to their fans," said Fred Ehrlich, president of new technology and business development at Sony Music Entertainment. "We are interested in working with peer-to-peer networks (1) A network of computers configured to allow certain files and folders to be shared with everyone or with selected users. Peer-to-peer networks are quite common in small offices that do not use a dedicated file server. that respect copyright, and CenterSpan's C-Star network does just that." "This agreement with Sony Music Entertainment is a tremendous validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of C-Star as a trustworthy delivery network for a media company's top content," said Frank G. Hausmann, chairman and chief executive officer at CenterSpan. "Our strategy in the media and entertainment market is to use C-Star to create a cost-effective distribution channel for worldwide delivery of rich digital media that will enable digital distribution to move from an emerging stage to a growth stage with solid economics." Hausmann continued, "Our relationship with Sony Music Entertainment is based on a common vision of the future of secure digital distribution. C-Star will provide a wide variety of Internet service providers with quick and secure access to top digital media and entertainment content for their Internet subscription or pay-per-use services. This will substantially broaden the availability of digitally distributed music worldwide." C-Star CDN Services 2.0 is a suite of modular content delivery solutions for delivering digital audio, video and data files. Components of C-Star enable content preparation, publishing, security, delivery and analytics for media and entertainment, communications service providers A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. and large corporate enterprise customers. C-Star's advanced networking infrastructure uses breakthrough Intelligent Caching(TM) technology to guarantee that end-users obtain the fastest downloads and highest-quality streams. C-Star's Tiered Security(TM) provides the highest level of security available in the commercial market for all types of content. About CenterSpan CenterSpan Communications develops and markets next-generation, secure Internet content delivery solutions for media and communications service providers and the enterprise. The company's C-Star CDN Services 2.0 suite enables the low cost, efficient and secure distribution of digital media. More information is available at www.centerspan.com. This news release includes 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. . CenterSpan is a venture stage company. C-Star, the company's peer-to-peer Internet content distribution network, is a new business in an emerging and rapidly evolving market. Statements regarding the timely launch of content distribution services such as C-Star and Scour scour, scours 1. the chemical and physical cleaning of fleece wool. 2. diarrhea. dietetic scour see dietary diarrhea. peat scour see secondary nutritional copper deficiency. , new customers, new products, content acquisition, number of registered users, new business opportunities, new revenue model industry prospects, future results of operations or financial position and potential earnings leverage are forward-looking statements. We cannot guarantee any of the forward-looking statements. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Investors are encouraged to review the company's filings with the Securities and Exchange Commission, including the company's 2000 Form 10-kA, for a more refined description of the risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc forward-looking statements made by the company, as well as to other aspects of the company's business. The company undertakes no obligation to update any forward looking statements. |
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