LOS ANGELES, Mar 16, 2000 /PRNewswire via COMTEX/ -- Entertainment
Boulevard, Inc. (OTC Bulletin Board: EBLD), one of the leading
streaming media providers on the Web, announced today that it has
signed a licensing agreement with Sony Music Entertainment Inc.,
granting Entertainment Boulevard the right to stream new release music
videos from Sony Music artists on Vidnet.com (www.vidnet.com). Sony
Music will receive a licensing fee for the streaming of its videos as
well as an equity stake in Entertainment Boulevard.
Vidnet users will now be able to stream online music video selections
from Sony Music Entertainment companies, including Columbia Records,
Epic Records, and Sony Music Nashville on the Vidnet.com Web site.
Videos will be available through pre-programmed music channels in the
RealPlayer and Windows Media formats at speeds of 28K, 56K, 100K and
300K.
"We're thrilled to add new release music videos from Sony Music label
artists to the list of those comprising the content of our site," said
Stephen Brown, CEO of Entertainment Boulevard. "The addition of these
music videos brings our selection to a whole new level."
"Entertainment Boulevard is a forward thinking company, and we're
excited to be working with them," remarked Mark Ghuneim, vice
president, Online & Emerging Technologies, Columbia Records.
"Sony Music is always on the lookout for new ways to reach as many
music fans as possible, and Vidnet is a great venue for showcasing our
artists' videos," said Jim McDermott, vice president, Online & Emerging
Technologies, Epic Records Group.
About Sony Music Entertainment: Sony Music Entertainment (SME), a
leading global producer, manufacturer, and marketer of recorded music
and video, has a presence in 60 countries. In the past year alone, SME
has aggressively expanded its online presence with key investments in
such leading online companies as Acuity (now Quintus), ARTISTdirect,
AudioBase, Digital On-Demand, Dobedo, Exactis, i3 Mobile, Intertainer,
JFAX, lastminute.com, Launch Media, Listen.com, MongoMusic, OnRadio,
Platform.net, Spinner.com, TalkCity and Yupi.com. The company has also
acquired leading email publishers InfoBeat and EMAZING.com.
About Vidnet.com: Vidnet, www.vidnet.com, is a division of
Entertainment Boulevard, Inc. (OTC Bulletin Board: EBLD). Vidnet is one
of the leading providers of streaming entertainment-related media on
the Internet. Among the firm's Web sites is one of the most
comprehensive interactive music video channels on the Web. Vidnet's
music site has rapidly become a premier music destination site on the
Internet. The firm's mandate of Internet global expansion includes not
only increasing the content base and broadening the network channels on
the Vidnet network, but also acting as a content aggregator to some of
the largest companies on the Web. Based in Los Angeles, Vidnet
continues to aggressively develop and implement strategic alliances
with key commerce and entertainment companies, broadening its presence
worldwide.
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