Internet's First Live Streaming Video Dutch Auction
( Newsbytes News Network )
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Internet's First Live Streaming Video Dutch
Auction 04/22/99
NEW YORK, NEW YORK, U.S.A., 1999 APR 22 (NB) -- By
Martin Stone, Newsbytes. Bid.Com International
Inc. [NASDAQ:BIDS] [TSE:BII] and American
Interactive Media, Inc., (OTC: AIME) have teamed
up to host the Internet's first live streaming
video and audio auction.
The project is the first programming event to
spring from the two companies' joint venture
agreement signed last January and brings together
Bid.Com's proprietary declining-price (Dutch)
auction format and technology and AIME's creative,
marketing and production capabilities.
Bid.Com president Jeff Lymburner told Newsbytes
the Dutch auction format reduces prices at set
time intervals from an established starting price
until the lot of goods is sold out. "The thing
that makes it particularly powerful is that it
merges audio and video with our patented Dutch
auction technology, which even with audio and
video, is a unique proprietary technology which
has a very aggressive count-down, game- like
dynamic. The underpinning of it is already
exceptional and quite unique to Bid.Com, and when
we layer on audio and video, what we have is
really is a first step toward real-time
interactive, TV-like functionality."
In a Dutch auction, the longer you wait, the lower
the price, but as Lymburner says: "If you wait too
long, it's possible that others will click-in
ahead of you."
He claims the system is affected only marginally
by latency, the time- warp between the instant a
bidder clicks and the bid is registered on the
site, but admits that a user with a faster ISP may
have a slight advantage over the user whose modem
or ISP is slower.
In addition to the sports memorabilia, Tag Hauer
watches, Hewlett- Packard computer monitors and a
variety of other items will be up for the bidding.
The auction will be hosted by veteran comedian
Lewis Black, who is regularly seen on AIME's
ComedyNet. Black has headlined comedy clubs for 20
years and has appeared in Mad About You and
Homicide on television, and in Hannah and Her
Sisters and Jacob's Ladder on film.
The hour-long event will broadcast on
RealNetworks' [NASDAQ: RNWK] Real Broadcast
Network in RealAudio and RealVideo on Tuesday,
April 27 at 10:00 p.m. EST (9:00 Central, 8:00
Mountain and 7:00 Pacific) and will feature an
autographed Wayne Gretzky hockey shirt and
baseballs signed by Roger Clemens.
Browsers can bid in the live auction by visiting
bid.com or linking through AIME's
comedynet.com .
Bid.Com, founded in 1995, is one of the Internet's
largest online auction sales organizations, with
offices in Toronto, Ontario and Tampa, Florida.
American Interactive Media, Inc. headquartered in
New York City with a Website at
aime-inc.com creates original, branded
entertainment programming that can be distributed
over many platforms, including the Internet, cable
and satellite television, and radio.
Reported by Newsbytes News Network,
newsbytes.com
(19990422/Media Contact: Paul Godin, 905-672-7467
x226, or Jeff Lymburner, 888-750-7467/WIRES
ONLINE, BUSINESS/)
Copyright © 1999 Newsbytes News Network.
Internet's First Live Streaming Video Dutch
Auction., Newsbytes News Network, 04-22-1999. |
