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Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 9.690

+1.1%

Dec 5 9:30 AM EST

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To: MikeM54321 who wrote (3718)	7/19/2000 4:57:05 PM
From: J Fieb	Read Replies (2) of 4134

Enron/Blockbuster.........so who supplies the encoding tech? Can you get some deals like this one? dailynews.yahoo.com Blockbuster, Enron in Entertainment On-Demand Deal DALLAS (Reuters) - Video rental chain Blockbuster Inc. (NYSE:BBI - news) and communications group Enron Corp. (NYSE:ENE - news) said Wednesday they agreed to a 20-year deal allowing customers to choose movies through their televisions using Enron's network. The agreement calls for Blockbuster to deliver its movies on demand via the Enron Intelligent Network. Users will have video tape-quality and VCR-like control, including pause and rewind features. The companies said they plan to introduce the on-demand service in some U.S. cities by the end of 2000. Blockbuster, a Viacom (NYSE:VIA - news) unit, expects to extend the service to other domestic and international markets starting in 2001. Financial terms of the agreement were not disclosed. Blockbuster will also provide content for the entertainment service and market the service to its 65 million household customer base. Blockbuster will also sell DSL through its nationwide network of stores. Enron will encode and stream the entertainment over its global broadband network and store the entertainment content. SBC Communications (NYSE:SBC - news), Verizon (NYSE:VZ - news) and Covad Communications (NasdaqNM:COVD - news) will be among the companies who will design the architecture of the network. The service will be expanded to include games and Internet services, which can be accessed either through the television or personal computer, the companies said. Email this story - (View most popular) \| Printer

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