ALL: Trade
Bought 550 shares BDE at 3 7/8 because of the following news. MMK
LOS ANGELES AND REDWOOD CITY, CALIF. (Jan. 19) BUSINESS WIRE
-Jan. 19,
1999--Brilliant(tm) Digital Entertainment, Inc. (AMEX:BDE; http://
www.multipathmovies.com), a leading interactive entertainment content
and tools developer, today announced a content license and distribution
agreement with @Home Network (NASDAQ:ATHM), the leading provider of
high-speed Internet services via the cable infrastructure. The revenue
sharing agreement represents Brilliant's first large-scale animated
content distribution relationship to tap the rapidly growing broadband
market.
Pursuant to the agreement, Brilliant Multipath Movie content will be
offered to @Home subscribers, enabling them to access Brilliant's
interactive digital Webisodes via Brilliant's web site at http://
www.multipathmovies.com. @Home's high-speed network allows subscribers
to download Brilliant's content at faster speeds than users connected to
the Internet via standard modems. The agreement also provides @Home with
an exclusive worldwide license to certain scaleable content that has
been designed to take advantage of the performance capabilities of high
performance Intel Architecture-based microprocessors.
Multipath Movie titles and Brilliant's Digital Projector(tm) technology
will be a featured product offering on the @Home Showcase. Showcase is a
high traffic area on the @Home service that resides only a single click
off the service's home page. Brilliant titles are expected to be
available during the first quarter of 1999.
Suneet Wadhwa, Manager of Media Development, @Home Network, commented,
"Brilliant Digital is an ideal content partner as they provide an
exciting, cutting-edge form of interactive entertainment that we believe
will be of great interest to our subscribers. We look forward to working
with Brilliant, leveraging our distribution capabilities with their
impressive array of high profile, digital animation. We are also very
excited to deliver specially optimized content on the @Home service."
Kevin Bermeister, president of Brilliant Digital commented, "Developing
distribution through the high-speed @Home broadband service represents
an exciting, fast-growing new market for our content. This relationship,
with an acknowledged industry leader, is an important step in our plans
to position Brilliant Digital as an early participant in the widespread
deployment of broadband.
"Importantly, our animation software tools and Digital Projector
technology have been developed to scale up or down to available
bandwidth and processor capabilities, allowing us to support the
high-speed benefits of the broadband market as well as the improved
graphic rendering of high speed processors. Users of the @Home service
will be able to subscribe to free Webisode channels and Webisode pay
channels where they can interact each week with their favorite
characters including Superman, Xena, Ace Ventura and Popeye." About
Brilliant Digital Entertainment:
Brilliant Digital Entertainment is the production studio responsible for
creating Multipath Movies, a new generation of digital entertainment to
be distributed over the Internet, on CD-ROM, as television programming
and for home video. Multipath Movies utilize proprietary,
technologically advanced software tools to produce three-dimensional,
digitally animated stories, each with multiple user-influenced plot
alternatives or paths that lead to a variety of distinct conclusions.
Brilliant Digital Entertainment (http://www.bde3d.com) has formed
strategic alliances with Packard Bell NEC, CompuServe, British Telecom,
DVD EXPRESS and @HOME to distribute its technology and Multipath Movie
content. Brilliant has signed content license agreements with DC Comics,
Morgan Creek Productions, King Features and Universal Studios, Kiss
Digital and Bantam Doubleday Dell Books for Young Readers for the Choose
Your Own Adventure series of interactive books. The Company is
headquartered in Los Angeles, CA with offices in Bondi Junction and
Double Bay, Australia and Middlesex, England. Information about Forward
Looking Statements
Statements in this news release that relate to future plans, financial
results or projections, events or performance are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Act of 1934, as
amended. Actual results may differ materially due to a variety of
factors including: (i) the commercial success of Brilliant's content
with @Home users, (ii) @Home's commercial success, and (iii) the
commercial success of the @Home Showcase. Brilliant's ability to
complete development of scaleable content designed to take advantage of
the performance capabilities of high performance Intel
Architecture-based microprocessors is subject to a number of factors and
risks including the Company's ability to complete scripting and
production of the content and to successfully complete quality assurance
testing. Information about certain additional factors is contained in
the Company's most recently filed Form 10-KSB report and 10-QSB report
and are available from Brilliant Digital Entertainment's Investor
Relations department and may be obtained by calling or writing to our
investor relations company, Jaffoni & Collins at 212-835-8500 or
bde@jcir.com. |
