Ericsson invests in Popwire, focused on entertainment broadcasting.Business & Technology Editors STOCKHOLM--(BUSINESS WIRE)--December 14, 2000 Today, Ericsson (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 : ERICY) announced that it has taken a 15 percent stake in media and technology company Popwire, which produces music-related entertainment content and broadcasts it over the Internet. The investment will enable Popwire to develop technology, products, applications and services for the broadcast of entertainment content, such as music and live events, over broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). and wireless networks, including GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. and 3G. The investment is part of Ericsson's venture operation in the Business Innovation unit. "Entertainment is set to be one of the most popular broadband and mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. applications, with streaming of music and other content over 3G networks bringing `instant media' to mobile users," said Hakan Osterberg, Vice President, Content Aggregation, at Ericsson Business Innovation. "The mobile Internet will enable the transmission of live and recorded content, including music and video, from anywhere and at any time to reach a global audience." In September, Ericsson and Popwire together demonstrated a unique solution for live video broadcast over 3G networks and the Internet. The investment in Popwire is being made by Ericsson Business Innovation, the innovation development company set up by Ericsson, to further develop the relationship between the two companies. "Ericsson's investment in Popwire will support us in creating turnkey See turnkey system. 3G broadcast solutions for media companies," said Anders Andersson Anders Andersson (born March 15, 1974 in Tomelilla) is a Swedish football forward. He has played 27 international matches for the Swedish national team, and was a squad player for the Euro 2000 and Euro 2004. He also participated in the 1992 Summer Olympics in Barcelona. , 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 Popwire. "These will make broadcasting less costly and resource-intensive, for example no satellite up-link will be required for live transmissions, and give the mobile user entertainment on-demand. Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. Read more at http://www.ericsson.com/pressroom About Popwire The Popwire Group consists of three business areas - Popwire Music, Popwire Media and Popwire Technology. The core business concept is the production and distribution of entertainment content. Popwire Music acts as a Pop Star generator giving artists the opportunity to achieve success and allowing the music industry to acquire and launch new stars with a proven track record. Popwire Media is a content producer and distributor, providing Site-, TV-, Radio- and Magazine content to various major portals. Popwire Technology develops IP based applications and broadcasting solutions for the Popwire Group, as well as external partners. The focus is on creating streaming media See streaming audio, streaming video and digital media hub. solutions for the Internet and the third generation of mobile communication. Popwire syndicates content to several major portals and has strategic partnerships with leading technology companies. Popwire has 45 employees, and has offices in London, 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 , Stockholm, Tokyo and Madrid. About Ericsson Business Innovation Ericsson Business Innovation AB was set up in July 2000 to develop new ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. from entrepreneurs. The company has already invested in more than a dozen companies, including Mediatude (which specialises in targeted mobile marketing services), Wireless Car AB (a joint venture with Volvo and Telia), Terraplay (systems for high-speed multimedia Internet gaming) and Connect Things Inc. (bar code technology for the Internet). |
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