GlobalMedia.com Delivers Global Music Network's Music Video Programming to the Internet
GlobalMedia.com provides Globalmusiconline.com with media player, streaming and e-commerce solutions
NEW YORK, May 24 /CNW-PRN/ - GlobalMedia.com (NASDAQ: GLMC - news), an award-winning Internet company focused on providing Internet e-commerce and streaming media solutions, announced today an agreement with Globalmusiconline.com to launch the Global Music media player.
Globalmusiconline.com is the online division of Global Music Network (GMN), a syndicator of television programs seen on broadcast television stations and cable networks throughout the USA. Global Music's television show, Night Tracks, is seen in over 55 million homes on a weekly basis and their holiday specials are seen in over 60 million homes across America. The shows are developed from Global Music's vast library of content featuring music videos from the early 80's to today's current Top 40 hits.
Global Music maintains a relationship with all recording labels and archives videos from all musical genres. Global Music has recently expanded into the creation of television specials and shows produced from live concerts. In addition, Global Music recently entered into an agreement with Comcast Cable to co-produce Pay-Per-View concerts that will not only be shown on Comcast Cable but also on other cable networks.
Under the terms of the agreement, GlobalMedia will be the exclusive provider of streaming media technology to Globalmusionline.com. This streaming and e-commerce solution will enable Globalmusiconline.com to provide a rich and entertaining destination for an international audience. Globalmusiconline.com will feature music and videos created by a wide variety of the world's best-known performers, produced by major and emerging recording companies. GlobalMedia and Globalmusiconline.com will share e-commerce and advertising revenues generated by the Global Music website.
The Globalmusiconline.com player is available for immediate download at: globalmusiconline.com.
Sam Winer, president of Globalmusiconline.com, commented, ``GlobalMedia's streaming media solution is an ideal match for Globalmusiconline.com. This is a defining moment for our company, GlobalMedia is enabling us to deliver our products and content to the Internet. I expect the relationship to drive a highly profitable model with significant incremental revenues.''
Jeff Mandelbaum, president of GlobalMedia, stated, ``We are excited to be in business with Globalmusiconline.com. They are established leaders in entertainment programming and this is a groundbreaking collaboration. The combination of Global Music's stellar programming and our streaming solution will create a compelling Internet entertainment destination.''
About Globalmusiconline.com
Globalmusiconline.com is the online division of Global Music Network, a syndicator of music video TV shows that are seen on broadcast television stations and on cable networks. Currently, the shows are seen in over 55 million households. GMN has recently expanded to production of specialty music-related entertainment.
About GlobalMedia.com
Winner of the prestigious Linux Journal award for the ``Best Overall Linux Solution'' at Comdex Fall '99, GlobalMedia.com provides Internet e-commerce and streaming tools to companies that are looking to leverage their existing brand names and customer base to the Internet. GlobalMedia.com's streaming media and e-commerce infrastructure focuses on providing businesses with a totally integrated, private branded solution: interactive stimulating audio and video, banner and rich media advertising, and e-commerce.
GlobalMedia.com trades on the Nasdaq National Market tier of the Nasdaq Stock Market, under the symbol GLMC. The Company has established important relationships with RealNetworks (Nasdaq: RNWK - news), Liquid Audio (Nasdaq: LQID - news), MCI/Worldcom (Nasdaq: WCOM - news), L90 (Nasdaq: LNTY - news) and Muze.
This press release may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including technological and operational challenges, changes in consumer preferences and developments affecting the Internet.
SOURCE: GlobalMedia.com |
