To: 2MAR$ who wrote (42399 ) 12/10/1999 1:51:00 AM From: Ellen Respond to of 108040
I wonder when this company will ipo...?...:-)biz.yahoo.com Thursday December 9, 3:29 pm Eastern Time Company Press Release MeTV.com Demonstrates First Internet to PC/TV Movies on Demand System at Streaming Media Conference SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 9, 1999--Hastening the convergence of the Web, PCs and television, MeTV.com (www.metv.com) introduced the first Internet direct to PC/TV movies-on-demand pay-per-view service at Streaming Media West. Waterford, CT, based MeTV.com is the first company to break the 4-inch PC video window and demonstrate a Web-based system that delivers broadcast quality, full-screen movies to PCs, and with a patent pending wireless transmitter/decoder process sends movies from the PC to any television set within 150 feet. MeTV.com's technology will allow the customer to control the system with a proprietary remote control so one will not have to leave the living room to use the service. MeTV.com streams full-length feature films in real-time at 375 to 700 kps, which allows consumers with broadband Internet access, DSL, cable modem or digital satellite, to select movies from its library for immediate pay-per-view enjoyment with TV quality. "MeTV.com offers what you want to watch, when you want to watch it,' said Martin French, senior vice president. "MeTV.com is all about making the technology transparent to the consumer so they can select and enjoy movies of their choice from the MeTV.com Web site. With out prior knowledge of the Internet. The customer experience will be very similar to traditional TV.' MeTV.com, which launched last June, has made significant process toward its projected consumer launch in June 2000. The MeTV.com demonstration Web site already features several dozen movies for free viewing, with more coming, an integrated 40,000 title movie database and merchandise mall. Recognition has come rapidly. MeTV.com has forged alliances with industry leaders who are pushing streaming media convergence. MeTV.com is among the charter members of the Microsoft Broadband Media Jumpstart Initiative, and employs the new Windows MediaPlayer MPEG4 protocol. The company, which has acquired its first 1,500 title film library, recently signed a 750 movie deal with encoding.com, and a Web hosting agreement with Intervu. "We are well funded and positioned to create a new video on demand market on the Internet,' said MeTV.com CEO Jeff Pescatello, whose company has opened a Los Angeles office to lead its content acquisition effort. "We have grown from three to 33 people in six months and now have the technical, marketing and management staff in place to support an aggressive title acquisition campaign beginning after the holidays.' MeTV.com is a revolutionary entertainment service delivering real time, on-demand, broadband, streamed movies via the Internet. The MeTV.com Web site blends Web technologies with traditional television. empowering consumers, including those with little or no computer experience, to access a diverse selection of movies, information and services, on-demand. Founded in 1988, MeTV's parent company, Group E Communications, is based in New London, CT, and maintains a Los Angeles office. Contact: Visibility Public Relations Len Stein 212/777-4350 lens@visibilitypr.com Related News Categories: computers, internet, networking, publishing, software, telecom