CinemaNow Selects SAVVIS Intelligent Hosting To Enable On-Demand Video Services; Contract Further Expands SAVVIS' Growing Presence In The Media & Entertainment Market.Entertainment Editors/Business Editors/High-Tech Writers HERNDON, Va.--(BUSINESS WIRE)--July 14, 2003 SAVVIS Communications (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 :SVVS SVVS Savvis, Inc (stock symbol) SVVS Surrey Vintage Vehicle Society (UK) SVVS Unix System V Verification Suite SVVS System V Verification Suite ), a leading global managed IP services provider, today announced it has been selected to provide managed hosting services to CinemaNow, Inc., the world leader in IP-based video-on-demand distribution, with core operations in content, technology and distribution. The contract marks another step in SAVVIS' expansion into the media and entertainment sector, from its traditional base of providing managed global networking services to the financial services industry, including banks, brokerage firms and electronic trading networks, as well as a diverse range of professional services firms, retail establishments, healthcare and manufacturing companies. CinemaNow holds the exclusive Internet distribution rights to the most extensive and comprehensive library of feature films available on-demand via the public Internet and private broadband networks. Its film library contains over 3,000 feature-length films from more than 125 licensors, including 20th Century Fox, Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) ., MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. , Lions Gate Entertainment
CinemaNow distributes films via its Web site, www.cinemanow.com, which is accessed by more than one million unique users per month, on both a pay-per-view and subscription basis. CinemaNow is the only major IP-based distributor offering films in both streaming and download formats. "Our business is dependent on our website working 24/7. As a result, we require the very highest levels of guaranteed access to the site, and a corresponding level of service and support. In our search for a service provider that meets our challenging criteria, SAVVIS was the clear choice," said Bruce David Eisen, Executive Vice President, CinemaNow. "Guaranteed access to a company's Web site and the associated content is critical for most businesses today, and this is particularly true in the media and entertainment markets" said Jack Finlayson, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of SAVVIS. "The bar is raised even further when the Web site is the exclusive medium by which the company's products or services are distributed. In the case of an on-line content distributor like CinemaNow, no service means no business." "SAVVIS appreciates this paradigm," Finlayson continued. "Our heritage is as a company created to solve a unique and complex business problem -- how to deliver real-time IP applications to financial institutions worldwide. This included remotely managing thousands of servers that collected pricing information on millions of financial instruments from hundreds of exchanges around the world in real-time. Distributing films over the web allows SAVVIS to utilize this real time IP delivery experience and deliver superior performance to CinemaNow and the more than one million users each month. SAVVIS' Intelligent Hosting(sm) is a fully managed service with no hardware investment required. Additional services are also available, such as firewalling, load balancing, SSL acceleration, and rate shaping, all without customers having to purchase equipment. Because of its virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. model, SAVVIS delivers its hosting services via carrier-class versus enterprise-class equipment, delivering 99.999% availability versus 99.9%. SAVVIS recently received the "Service Provider Excellence Award" from Boardwatch Magazine in recognition of its virtualized Hosted Area Network architecture. About CinemaNow CinemaNow, Inc. (www.cinemanow.com) is the global leader in Internet-based video-on-demand (VOD See video-on-demand. VoD - video on demand ) and subscription video-on-demand (SVOD SVOD Subscription Video on Demand SVOD Stacked Volumetric Optical Disk SVOD Subscription Voice on Demand ) distribution and technology. Through its growing list of content partners, the CinemaNow Web site has become the premier destination for the authorized downloading and streaming of feature films on the Internet. CinemaNow has also developed PatchBay(TM), a proprietary video-on-demand content distribution and management system that runs the CinemaNow Web site, and is available as a licensable technology solution. Current PatchBay(TM) licensors include such diverse partners as Walker Asia and Chunghwa Telecom (film distribution), NHL NHL Non-Hodgkin's lymphoma, see there .com (sports programming), Phish (musical group), and Arescom (hotel broadband provider). CinemaNow is majority owned by Lions Gate Entertainment (AMEX AMEX See: American Stock Exchange : LGF LGF Little Green Footballs (blog site) LGF Local Government Finance LGF Local Government Funds (Ohio) LGF Långsamtgående Fordon (Swedish vehicle with a maximum allowed speed of 45 km/h) ). About SAVVIS SAVVIS Communications (NASDAQ: SVVS) is a leading managed services provider that delivers IP VPNs (virtual private networks), hosting, and application services to businesses. SAVVIS solutions are designed for industries with demanding information technology requirements including legal, media, retail, professional services, healthcare, manufacturing, and financial services. Known as The Network that Powers Wall Street(SM), SAVVIS was ranked #3 in IP VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. market share by IDC in its 2003 report, trailing only AT&T and WorldCom, and its network reliability was declared "perfect" in Network World magazine's groundbreaking study of backbone performance. SAVVIS recently won the first ever American Business Awards "Stevie"(TM) in the category of "Best Customer Service Organization." SAVVIS' managed hosting services were awarded the Service Provider Excellence Award by Boardwatch magazine for its virtualized approach to managed hosting, and the Market Engineering Award from Frost & Sullivan for product differentiation Product Differentiation A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics. and innovation. For more information about SAVVIS' Intelligent IP Network(SM) and managed hosting solutions, visit: http://www.savvis.net. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion