Tuesday April 4, 6:00 am Eastern Time
Company Press Release
SOURCE: InterTrust Technologies Corporation
AudioSoft Chooses InterTrust for its Digital Rights Management Technology
AudioSoft to Develop MetaTrust Data Center to Support Its Copyright Management System
SANTA CLARA, Calif. and SAN FRANCISCO, April 4 /PRNewswire/ -- InterTrust Technologies Corporation (Nasdaq: ITRU - news), the MetaTrust Utility(TM), and AudioSoft, the worldwide leader in Internet-based digital copyright management for the music industry, today announced a strategic partnership where AudioSoft has licensed InterTrust's digital rights management (DRM) technology to enhance its copyright collection and reporting services. AudioSoft will be able to promote its copyright compliance solution to InterTrust's MetaTrust(TM) Partners.
InterTrust's general-purpose DRM will provide AudioSoft access to InterTrust's secure technology platform to collect highly specific music copyright usage and royalty information. Through licensing InterTrust DRM, AudioSoft can package necessary worldwide copyright information and associated rules in secure DigiBox© containers, allowing AudioSoft to further automate its online copyright management system. This agreement is an important step toward delivering a comprehensive rights management system for music.
``Becoming a MetaTrust usage clearing partner will allow us to provide copyright collection services to a wider array of online music providers, including existing and future MetaTrust-Certified(TM) applications and services,' said Gary Ludlow, vice president and general manager of the Americas, AudioSoft, Inc. ``We are pleased to be working with InterTrust DRM to provide a comprehensive offering to ensure the proper accounting of copyrights generated by the use of music on the Internet. We also believe that AudioSoft's copyright solutions can provide great value to rights holders and other InterTrust partners participating in the MetaTrust platform.'
``Capturing and reporting copyright information is a complex task and we believe that AudioSoft has the global market expertise and systems,' said Ed Fish, EVP and chief business officer, InterTrust Technologies Corporation. ``Copyright information is one of the many rights issues that all participants -- including authors, composers, publishers, and producers -- face in the music industry. Integrated with InterTrust's DRM commerce platform, we believe AudioSoft's copyright management will enhance other DRM-enabled rights, such as business offers and content promotions, and enable today's popular artists to take advantage of the Internet and provide consumers with more choices.'
AudioSoft Copyright Management
The AudioSoft copyright & data reporting system is a sophisticated music usage monitoring system for the Internet. The system captures, organizes and delivers information from content distributors and refines it into usable databases for music industry organizations. Tracking both performing rights and mechanical rights, it provides rights owners with detailed and customizable reports on music consumption by territory.
The AudioSoft architecture is designed to be audio file format agnostic and to be integrated with all major content distribution platforms. The AudioSoft copyright & data reporting system supports the Secure Digital Music Initiative (SDMI) and other industry standards.
InterTrust Digital Rights Management
Digital rights management (DRM) technologies protect and manage rights and interests in digital information. InterTrust's DRM platform provides a common foundation for distributed e-commerce digital information and event management.
InterTrust DRM is enhanced by its use in the MetaTrust Utility, a non-discriminatory, policy neutral, global environment for digital commerce. The MetaTrust Utility enables a digital commerce platform that support multiple formats and content types and leverages trusted components through its OpenRights Initiative that should speed applications and services to market.
In the content industry, InterTrust DRM and the MetaTrust Utility allow authors, publishers, enterprises, governments, users and others to specify, as appropriate, rules regarding the use of digital information, and the consequences resulting from such use. InterTrust© technology is designed to protect digital information, apply rules persistently after information is distributed, and automate many e-commerce processes related to content use. InterTrust's DRM platform is general purpose and manages most media and content types, including music, publications, business information, video, games, software and images.
About AudioSoft
AudioSoft is the worldwide leader in global copyright management for music on the Internet, helping to assure accurate royalty redistribution to music copyright holders. The Company's copyright and data reporting system captures, organizes and delivers information about music usage on the Internet. A trusted third-party information source, AudioSoft provides accurate, real-time feedback and customized reports for labels, copyright collection societies, online music retailers and audio webcasters to automate the management of copyrights generated on the Internet and provide market feedback and analysis. The Company's data gathering architecture is designed to be compatible with all popular digital music file formats and major industry platforms. Founded in 1996, with corporate headquarters in San Francisco, California and European headquarters in Geneva, Switzerland, AudioSoft is a respected international authority on digital music rights. Additional information about the Company may be obtained on its Web site at www.audiosoft.com.
InterTrust Technologies Corporation
InterTrust Technologies Corporation is a leading developer of distributed digital rights management (DRM) technology. InterTrust has developed a general purpose DRM platform that serves as a foundation for providers of digital information, technology, and commerce services. InterTrust licenses its DRM platform as software and tools to partners. Collectively, these partners intend to offer digital commerce services and applications that form a global commerce system branded as the ``MetaTrust Utility.' InterTrust serves as the neutral administrator of the MetaTrust environment.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding InterTrust's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to InterTrust as of the date hereof, and InterTrust assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in InterTrust's reports filed from time to time with the Securities and Exchange Commission.
NOTE: InterTrust and DigiBox are registered trademarks of InterTrust Technologies Corporation, and the InterTrust logo, MetaTrust, MetaTrust-Certified, and MetaTrust Utility are trademarks of InterTrust Technologies Corporation, all of which may or may not be used in certain jurisdictions. All other brand or product names are trademarks or registered trademarks of their respective companies or organizations.
SOURCE: InterTrust Technologies Corporation
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