THREAD ALERT: PDSE news with CA
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Wednesday March 22, 12:35 pm Eastern Time
Company Press Release
SOURCE: Computer Associates International, Inc.
Computer Associates and Paradise Music & Entertainment Deliver Internet Ready Technology Solutions for The New 'Digital Hollywood'
Collaboration to Provide the Technology to Build, Manage and Deploy Rich Media Content for the Entertainment Industry
ISLANDIA, N.Y. and HOLLYWOOD, Calif., March 22 /PRNewswire/ -- In a move designed to take advantage of the burgeoning ``digital Hollywood' experience, Computer Associates
International, Inc. (NYSE: CA - news) and Paradise Digital Productions (PDP), an Internet content developer subsidiary of Paradise Music & Entertainment, Inc. (Nasdaq: PDSE - news), today announced their participation in the first ``Yahoo! Internet Life 'Online Film Festival.' This
extravaganza will showcase innovative ways that filmmakers, online film sites, major and independent studios and digital technology companies are using the Web to present the moving image.``
Through this technology partnership, CA and PDSE have positioned themselves as the technology infrastructure providers and content developers of the new medium being created by the convergence of film, television, the Internet, wireless communications and hand-held technologies. CA's award-winning software solutions are universally recognized as the leading technologies for improving the speed and security of eBusiness. CA also plays a leading role in the development and deployment of compelling content that helps companies win on the Web.
``This is a great fit for CA since we already provide comprehensive eBusiness solutions to both dot-com and click-and-mortar businesses,' said Sandeep Divekar, CA senior vice president, visualization strategy. ``CA is in the perfect position to provide media companies with the technology infrastructure to build, manage and deploy the rich media content such as video, sound and 3-D, which are all inherent in online entertainment.'
PDSE's long-standing presence in the entertainment industry, their wealth of Hollywood relationships and close involvement with the many talented individuals and companies focusing on broadband media and digital entertainment, make them the perfect partner for CA.
CA's and PDSE's participation and production in this event is a way of showing support to the ``New Digital Hollywood' leaders, while creating the base for the flood of venture capital firms, entrepreneurs and Web-evangelists that are redefining movie-making and ensuring that entertainment
is the Internet's next big play.
``We are very pleased that CA shares our mission of creating an event that highlights the use of the Internet as a state-of-the-art medium for delivering digital entertainment,' said Jesse Dylan, Paradise,
chairman and chief executive officer.
CA has already established a strong reputation in the entertainment industry through its subsidiary Viewpoint Digital, the leader in 3-D content development for feature films, broadcast television, interactive games and product visualization for eCommerce. Digital content from Viewpoint is featured in movies including The Prince of Egypt and The World Is Not Enough, commercials for Dodge and Nike; numerous game titles; and on innovative Web sites for StyleClick.com and The Sharper Image.
``We're thrilled that CA and PDSE are lending their support to the premier Yahoo! Internet Life Online Film Festival,' said Jesse Jacobs, Yahoo! Internet Life Online Film Festival, director.
CA supports the location-based entertainment, broadcast television, and gaming industries, through its recent acquisition of MultiGen-Paradigm (MPI), the world's leading supplier of realtime 3-D visualization technology for entertainment, urban simulation, and simulation-based training applications to leading corporations, government agencies and universities worldwide.
``In addition to the front-end technologies already in place through CA's subsidiaries, 'we've also been providing back-end software support to major media companies for the past 25 years,' said Ed Markowitz, CA vice president, entertainment market. ``CA's eBusiness infrastructure will provide the solid base needed to bring this new industry into the business mainstream.'
The Yahoo! Internet Life Online Film Festival is starting today in Hollywood, the same time as the Academy Awards, and will include numerous participants from the traditional film world as well as the online community. It will be cybercast on March 26 on Yahoo! Broadcast.
Computer Associates International, Inc. (NYSE: CA - news), the world's leading business software company, delivers the end-to-end infrastructure to enable eBusiness through innovative technology, services and education. CA has 18,000 employees worldwide and had revenue of $6.3 billion for the
year ended December 31, 1999. For more information, visit ca.com.
Paradise Music & Entertainment, Inc. is an artist-centric entertainment company comprised of three complementary units: Paradise Film Group (Straw Dogs and Picture Vision -- television commercial, music video, live event and film and video productions); Paradise Music Group (Paradise Record
Group, All Access Entertainment and Rave Music -- record labels, producer of original music for film and television and full-service music artist management); and Paradise Digital Entertainment Group (Paradise Digital Productions -- Internet content development). Paradise also has a
production and strategic investment relationship with Eruptor Entertainment, Inc., producer of eruptor.com, a cutting-edge entertainment and leisure Internet destination site targeting
``Generation Y' males.
All trademarks, trade names, service marks and logos referenced herein belong to their respective
companies.
SOURCE: Computer Associates International, Inc. |
