To: Greenie who wrote (2266 ) 2/1/2000 12:02:00 AM From: Bruce Cullen Respond to of 2393
I will not speculate on this in depth. Read into this and think about (QSTI) and (LPAC) These are two of my recommendations as of late. It has been known that IATV and QSTI have been spoken about before in regards to working possibly along side each other. AND ALWAYS AN OPINION Bruce Cullen Sherwood Coasts Groupgeocities.com See my website for disclaimer. ========================================================= This from the Public Offering statement of ACTV, Inc. ========================================================= Under the terms of our agreement with General Instrument, we have licensed five of our patents to Digital ADCO in exchange for 51% of the common stock of Digital ADCO, and General Instrument has licensed six of its patents plus made a $5 million capital commitment for 49% of Digital ADCO?s common stock. Any capital contribution after General Instrument has fulfilled its initial $5 million commitment will be made pro rata based on ownership interests. We anticipate that Digital ADCO will generate revenues from three major sources: subscription fees for software, advertisement handling fees and an advertisement encoding fee for digital insertion, a process called ??striping.?? We have entered into a master license agreement that sets forth the framework for negotiating with each of FOX Sports Net?s 19 owned or affiliated regional sports networks to provide content for our planned individualized sports programming service. FOX Sports Net, which reaches more than 72 million homes nationwide, features professional basketball, hockey and baseball games, as well as college sports events. To date, we have entered into licensing agreements with the following five regional sports networks FOX Sports Net Southwest, FOX Sports Net West, FOX Sports Net Northwest, Sunshine Network and FOX Sports Net Bay Area. We expect to launch our first regional service in the area served by FOX Sports Net Southwest, which distributes programming to more than 6 million subscribers in Texas, Louisiana, Arkansas, Oklahoma and New Mexico. We have produced over 100 individualized live sporting events and have tested distributing the programs through AT&T Broadband & Internet Services (formerly Tele-Communications, Inc.). We plan to systematically expand Individualized Television into the other regions served by FOX Sports Net. We expect to launch our second regional sports network in the area served by FOX Sports Net West, which distributes programming to approximately 4.8 million subscribers in Southern California. Although we chose to focus our initial commercialization efforts on marquee events, advertising and regional sports, we believe that our Individualized Television system will have universal applications. It is our objective to expand our Individualized Television to include many other genres of television programming. We believe that Individualized Television can become a standard for interactive digital television programming distributed through cable systems, DBS, and digital broadcast television. Production The master license agreement that allows us to negotiate with FOX Sports Net?s regional networks provides that we must bear the incremental content, transmission, delivery and master control costs incurred in connection with the production and distribution of individualized programming for our regional networks. Currently, we have a state-of-the-art master control facility in a building we share with FOX Sports Net Southwest in Irving, Texas. Our master control receives multiple video/audio feeds from FOX Sports Net Southwest via fiber lines. We intend to construct or lease similar facilities for creating and distributing individualized programming for each of our future regional sports networks. We expect to lease a master control facility from National Digital Television Center, a leading digital television creation facility, to produce and distribute individualized programming for our planned regional network in Southern California. The National Digital Television Center has production, post-production, digital compression and network origination services and is the largest production facility on Los Angeles? west side. This facility enables us to work closely with Liberty Media?s Liberty Digital division and with other major entertainment and advertising content creators on the development of Individualized Television programming. Our Los Angeles office is currently located in this center. ...