Corbis Motion Selects VideoBank with Optibase's Encoding Platforms for Digital Stock Footage System.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif. & HERZLIYA, Israel--(BUSINESS WIRE)--July 21, 2003 Optibase, Ltd. (Nasdaq:OBAS OBAS Ofotbanen AS (Norwegian) OBAS Optical Bench Alignment System OBAS On-Board ATM-Switched (communication satellite protocol type) ), a leading provider of streaming media See streaming audio, streaming video and digital media hub. solutions, today announced that its MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). MovieMaker mov·ie·mak·er n. One that makes movies, especially professionally. mov  ie·mak 200S encoding
platforms have been incorporated into a digital footage system owned by
Corbis Motion, a leading stock footage company.
Corbis Motion provides professionals with online access to a comprehensive resource of high-quality rights managed and royalty free footage. Footage includes thousands of hours of contemporary and archival imagery from the Hot Shots, Actions Sports Adventure and Film Bank collections. These collections feature content from high-profile providers such as Paramount Pictures, ESPN ESPN Entertainment and Sports Programming Network , Hearst Entertainment, Metro-Goldwyn-Mayer Inc, CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. and 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. Studios. The Corbis system utilizes an Asset Management System provided by VideoBank, a software development company. Using the Asset Management system, Corbis Motion and their customers have the ability to search the footage library, made up of various digital tape formats, view the streaming proxy video, build collections, and deliver high quality clips in a variety of professional broadcast formats. Upon selection of the desired footage, users may purchase it delivered in either Digital or Analog formats. The Corbis Motion footage library is digitally encoded into broadcast quality using the Optibase MPEG MovieMaker 200S encoders, under the control of the VideoBank Encode/Logger application. The material is logged with attributes assigned to each shot. The VideoBank application automates the transcoding of the MPEG-2 asset into various frame-accurate streaming formats, such as MPEG-1 and Windows Media Microsoft's audio and video framework for Windows, which embraces playback, encoding and streaming. Windows Media Player is the digital jukebox and media player that comes with every version of Windows. format. "Corbis Motion has an aggressive content development strategy, and our library is constantly being updated with new and exciting material," said Rick Wysocki, Vice President of Corbis Motion Brands. "We offer customers fresh material in high-demand subject and concept categories. The VideoBank application, in conjunction with Optibase's MPEG MovieMakers ensures that the content is produced and logged in the best possible quality and is available for immediate viewing and purchase." Louis Siracusano, President of VideoBank said, "The combination of VideoBank's MAM application and Optibase's MPEG encoding MPEG encoding is the process of capturing (digitizing) or converting (re-encoding) video and/or audio to one of several MPEG video and/or audio standards (codecs) for distribution (Internet, LAN) or for archiving to optical disc (CD, DVD). tools enabled Corbis Motion to ingest in·gest tr.v. in·gest·ed, in·gest·ing, in·gests 1. To take into the body by the mouth for digestion or absorption. See Synonyms at eat. 2. and make available for sale over 20,000 video elements from a videotape based archive in less than three months." "Optibase is a pioneer in the delivery of encoding platforms to digital video professionals," said Adam Schadle, vice president of sales for Optibase Inc. "VideoBank was able to integrate the MPEG MovieMaker 200S into its asset management system using Optibase's Software Development Tools. Using the collaborative efforts of both companies, we were able to customize a solution for Corbis Motion. We look forward to additional cooperations." For additional information on MPEG MovieMakers and Optibase please visit our Website at www.optibase.com or send an email to info@optibase.com. About Optibase Optibase, Ltd. (Nasdaq:OBAS) provides high-quality, cost-effective products that enable the preparation and delivery of MPEG-based digital media over broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . Optibase has created a breadth of product offerings used in applications, such as: video-on-demand; real-time video streaming; digital video archiving; distance learning; and business television. Headquartered in Israel, Optibase operates through its fully owned subsidiary in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. and offices in Europe, Japan and China. Optibase products are marketed in over 40 countries through a combination of direct sales, independent distributors, system integrators and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners. For further information, please visit www.optibase.com. About VideoBank VideoBank, founded in 1996, provides end-to-end media asset management solutions with the VideoBank Production Suite(TM) of affordable, scalable and modular solutions for creating, archiving, presenting and distributing digital video, audio, images, and associated documents. The company's operations are based in Northvale, N.J. More information is available online at www.videobankdigital.com. About Corbis Corbis licenses images that enable publishers, advertising and design agencies, filmmakers, and other creative professionals to tell their stories with impact that goes beyond words. Our contemporary and archival photography, fine art, illustrations, cartoons, and footage are seen around the world every day -- differentiating brands, selling products, supporting news stories, and entertaining audiences. Corbis images can be found and licensed at www.corbis.com. And client advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal are available around the clock -- including subject matter and conceptual research, rights management and clearances, and production expertise. Corbis is headquartered in Seattle, with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Los Angeles, Chicago, London, Paris, Dusseldorf, Vienna, Hong Kong, Kuala Lumpur, and Tokyo. You may register to receive Optibase's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. This news release contains forward-looking statements concerning our marketing and operations plans. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the evolving market for digital video, competition, our ability to manage growth and expansion, general economic conditions and other risk factors. For a more detailed discussion of these and other risks that may cause actual results to differ from the forward looking statements in this news release, please refer to Optibase's most recent annual report, its Registration Statement on Form F-1 filed with the United States Securities and Exchange Commission and other filings with the SEC. |
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