TVCP news.. (COMTEX) B: Talk Visual Acquires 25% of a Hollywood Film Company
B: Talk Visual Acquires 25% of a Hollywood Film Company
MIAMI, Mar 16, 2000 (BUSINESS WIRE) --
(OTC-BB:TVCP).
Sprint to Provide Circuits for Talk Visual & EnterTech Media Group for
Home Entertainment/Content Delivery Over Proprietary ISDN/DSL TV225
Videophones
TALK VISUAL CORPORATION Chairman Michael J. Zwebner announced today
that in conjunction with Sprint Corporation, Talk Visual Corp and
EnterTech Media Group Inc., will provide movies, music, video and live
interactive entertainment over ISDN and DSL telephone lines to homes,
businesses and public locations worldwide.
Mr. Zwebner further announced a major new breakthrough in the upcoming
marketing plans for their new TV225 VideoTelephones into the U.S. and
Canadian markets. The company has signed a multi-million dollar
agreement to acquire a 25% stake in EnterTech Media Group Inc., a
Hollywood-based film company headed by John Daly, to bundle ISDN/DSL
services and the TV225 VideoTelephone package together with a complete
World Home Entertainment Content Offering. EnterTech is the new company
of John Daly. His successes include his company's films achieving 21
Oscar nominations, winning 13 Oscars and unprecedented back-to-back
Best Picture Awards for "Platoon" and "The Last Emperor."
Mr. Zwebner stated, "We have created a viable delivery alternative to
cable, 56 kilobit PC connections, and other unproven systems. Our
Video-Telephone clients will use the TV225 to make 'regular' and
videophone calls all over the world. They will also be able to access a
tremendous selection of movies, music and other audio/video
entertainment, through existing local telephone networks, direct to
their home television screen. It is our belief that consumers want
movies on the television, not on the PC. With the advent of HDTV,
television will remain the delivery system of choice for decades. We've
solved the immediate delivery issues of downloading entertainment over
existing circuits. Now we'll be able to provide the TV225 videophone to
our customers with bundled content offerings."
The Chairman of EnterTech Media Group, John Daly said today, "With this
technology and delivery system, we are positioned to become the world's
first major Telephonic and Internet film studio with real-time live
delivery to customers worldwide, direct to their homes via the TV225,
onto their television sets, where they want it! The service will be
available for all film makers, including Live Concerts and Pay-Per-View
sporting events."
About EnterTech Media Group Inc.
Los Angeles-based EnterTech Media Group Inc. through its subsidiaries
produces and distributes feature films Worldwide. They have a
substantial library of content for server-based distribution and are
rapidly expanding their access to new product by creation as well as
acquisition.
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