To: Kimberly Lee who wrote (39571 ) 12/7/1999 10:45:00 AM From: lizard lick Read Replies (3) | Respond to of 108040
IENT---news out iEntertainment Network Signs Agreement With Warner Brothers Online (Business Wire 12/07 10:24:39)
Business Editors/High Tech and Entertainment Writers
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Dec. 7, 1999
iEN to Provide Games and Entertainment Content For
Time Warner's Entertaindom(R) Site
iEntertainment Network (Nasdaq: IENT), a leading provider and
operator of worldwide Internet entertainment communities, announced
today that it has signed an agreement to provide interactive
entertainment content for Warner Brothers Online's ENTERTAINDOM(R)
site.
Warner Brothers Online is a division of Time Warner Entertainment
Company, L.P. Under the agreement, iEntertainment Network will provide
interactive content, a series of exclusive Internet games, as well as
contests and promotions for ENTERTAINDOM(R).
Warner Brothers Online will provide iEN with access to their
ENTERTAINDOM(R) members, giving iEntertainment Network the opportunity
to benefit from Internet advertising revenue and fees from links to
premium games, such as WarBirds and Dawn of Aces. In addition, Warner
Brothers Online will promote iEntertainment Network's content
throughout their site and in regular updates to their customers. More
than 4 million people visited the Warner Brothers Online site last
year.
"Warner Brothers is synonymous with fine entertainment," said
Mike Pearce, iEN's CEO. "Pairing our award-winning content with their
global reach and distribution clout should prove lucrative for both
companies in the year 2000."
About iEntertainment Network
iEntertainment Network Inc. (Nasdaq: IENT), formerly known as
Interactive Magic, founded in 1994 and located in Research Triangle
Park, NC, is a leading developer of Internet entertainment communities
through the iEntertainment Network ( www.iencentral.com ), AT&T
WorldNet's GameHub ( www.gamehub.net ), Warner Brothers Online's
ENTERTAINDOM(R) ( www.entertaindom.com ), and EarthLink's Games Arena
( www.thegamesarena.com ). GameHub is the preferred provider of online
games for AT&T WorldNet's customers. The Games Arena is the online
games and entertainment area for Earthlink's customers. iEN has signed
major strategic agreements with AT&T (NYSE: T), America Online (NYSE:
AOL), Time Warner, Inc. (NYSE: TWX), Earthlink (Nasdaq: ELNK), as well
as other content and service providers. For more information, contact
us at: (919) 461-0722 or visit our website at: www.iencentral.com.
Forward-Looking Statements: Except for the descriptions of
historical facts contained herein, statements in this news release
concerning future results, performance or expectations are
forward-looking statements. Actual results, performance or
developments could differ materially from those expressed or implied
by such forward-looking statements as a result of known or unknown
risks, uncertainties and other factors including those described from
time to time in the company's filings with the Securities and Exchange
Commission, under "Risk Factors" and elsewhere, including risks of
failing to secure timely or adequate financing, delays in development
and introduction of new products, dependence on new product
introductions which achieve significant market acceptance and the
uncertainties of consumer preferences, the rate and degree of market
acceptance of online gaming, the ability to negotiate profitable terms
for online gaming products and services, dependence on third party
software developers for significant portion of new products, risks of
rapid technological change and platform changes, intense competition,
seasonality, dependence upon third party distribution and risks
associated with international business and other risks.
--30--PS/ch*
CONTACT: iEntertainment Network, Research Triangle Park
Dave Murray, 919/461-0722, Ext. 3013.
dmurray@iencentral.com
KEYWORD: NORTH CAROLINA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS ENTERTAINMENT ELECTRONIC
GAMES/MULTIMEDIA
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