USA Video Interactive VP Describes Future of TV as 'Videocentric Internet' with 'Unprecedented' Profitability Potential
USA Video Interactive's Patents Are Foundation for Future-Oriented Vision
NEW YORK--(BUSINESS WIRE)--Oct. 26, 2000-- Speaking on a panel entitled, ``B-TO-C STREAMING: This Is Not Your Father's Television Show,'' USA Video Interactive (OTCBB: USVO; CDNX: US; www.usvo.com) Vice President of Strategic Innovation Matthew Kinnaman said, ``Streaming media technologies open the door to innovation, and innovation is inherently forward-focused. USA Video is building its business in anticipation of a videocentric Internet with potential that far surpasses any existing video markets. We believe our patent for digital video delivery, granted in 1992, provides the foundation for the future-oriented vision of our company.''
The panel is part of the two-day executive conference, THE KAGAN STREAMING MEDIA SUMMIT: Turning Bytes Into Profits, being held in New York City by Paul Kagan Associates (www.kagan.com), the international high-tech media research firm. According to Kagan, the conference brings together the top players in streaming video for two days of intensive and focused discussion on the present and future economics of this exciting space. Panelists will probe the metrics, the benchmarks, the key issues and the tough questions about streaming media, not only from the perspective of the content provider but from the advertiser's and content owner's points of view.
At another conference earlier this week, THE KAGAN VOD SUMMIT, USA Video Interactive President and CEO Edwin Molina stated, ``The growth of rich media via the Internet depends on protecting the intellectual property rights of content providers. USA Video Interactive is developing that solution today; we need to act responsibly in meeting this obligation. Our experience, including our pioneering patent and our first-to-market position, gives us an invaluable perspective on the future.'' Leading patent litigator Paul Gupta is heading a team from the firm of Sullivan & Worcester in representing the USA Video Interactive patent.
In Kagan's description of the market for streaming media, they project there could be more than six million broadband connections by the end of this year and more than 26 million by 2003, laying the groundwork for a revolution in the entertainment business potentially as profound as the launch of cable in the 1970s and the VCR in the 1980s. Streaming media technology allows local stations to have worldwide reach. Events as varied as fashion shows, film festivals, concerts, Martian landings and music festivals can reach audiences of millions-all without going through the traditional media gatekeepers.
Kinnaman agreed, stating, ``The streaming media technologies we're working with today will create an unprecedented capability for creativity, specialization, and niche profitability. We have the opportunity now to move beyond the time and space constraints that limit conventional non-Internet video delivery. As compression and bandwidth factors improve simultaneously, a new arena for video applications is emerging that will replace what has gone before it. USA Video Interactive believes that streaming media will be the number one application of the broadband era.''
Executives from the world's leading streaming video companies attended the Conference, which was chaired by Kagan Senior Vice President Larry Gerbrandt. In addition to USA Video Interactive, keynote speakers included top executives from RealNetworks (NASDAQ: RNWK - news), PanAmSat and AT&T (NYSE: T - news) Data and Internet Services; and panelists included executives from Akamai(NASADQ: AKAM), Cidera, Cisco (NASADQ: CSCO), Digital Island (NASDAQ: ISLD - news), iBeam (NASDAQ: IBEM - news), Inktomi (NASADQ: INKT), Intertainer, Microsoft (NASDAQ: MSFT - news), On2 (AMEX: ONT - news), and others. |
