C-Cube Message Board - Msg: 3001009

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Technology Stocks : C-Cube

CUBE 35.58

-2.0%

3:59 PM EST

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To: Stoctrash who wrote (26870)	12/18/1997 5:00:00 PM
From: John Rieman	of 50808

VOD in Hong Kong............................................... ijumpstart.com WB/DISNEY SIGN VOD DEAL <Picture><Picture><Picture> In a first for the new media world, Disney and Warner Bros. International Television licensed feature film packages for the soon-to-be launched video-on-demand platform in Hong Kong. The Warner Bros. deal with Hongkong Telecom - said to be worth just $10 million - is believed to be the first ever signed for a true VOD platform, and persistent rumours have more Hollywood studios jumping on the bandwagon. The interactive television platform, dubbed iTV, is scheduled to debut next month with more than 700 movies available for VOD, music on demand and home shopping. Next spring, home banking, games and Internet services will be added. The telecom operator has spent $128 million over the past three years to develop the platform, with plans to spend more than $1 billion supporting it in the next 10 years. Company executives are anticipating 200,000 subscribers to the service in the first year. Next ports of call for the video-on-demand platform could be Australia and the United Kingdom, where Hong Kong Telecom's parent - Cable and Wireless - owns and operates cable TV systems.

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