Wednesday April 12, 6:01 am Eastern Time
Company Press Release
Winstar Launches Multimedia Initiative That Leverages Its Extensive End-to-end Broadband Network
iBEAM's Internet Broadcast Network Services Added to Winstar's Portfolio of Broadband Offerings
NEW YORK--(BUSINESS WIRE)--April 12, 2000-- MediaOnDemand.com Agreement Brings Wide Array of Streaming
Multimedia Development, Encoding and Video Production
Capabilities
WINSTAR COMMUNICATIONS, INC. (NASDAQ:WCII - news), a leading broadband services company, today announced a major multimedia initiative that provides business customers with a comprehensive suite of end-to-end multimedia product offerings and leverages Winstar's unique broadband network. As part of this ongoing effort, Winstar announced separate multi-year agreements with two of the leading companies involved in multimedia applications over the Internet -- iBEAM Broadcasting Corporation of Sunnyvale, CA, and MediaOnDemand.com of New York City.
``Our multimedia initiative is part of Winstar's commitment to make its broadband network even more useful for our customers and give them a total solution -- including Web and e-commerce design and development, hosting, ASP services, Internet access and multimedia services,' said Roger Pilc, vice president and general manager of Winstar Internet & Hosting Services. ``By using our broadband fixed-wireless technology to eliminate the last-mile bottleneck that often stifles the performance of multimedia services, our customers can enjoy, in a truly unique way, the promise of the Internet as a vehicle for delivering and receiving high-quality sound and video.'
MediaOnDemand.com will provide Winstar with streaming multimedia services -- including live-event production, design, development and encoding services -- as well as video switching and satellite transmission services. Winstar will provide MediaOnDemand.com with a wide range of broadband multimedia streaming delivery capabilities, collocation hosting services and Internet access. In addition, the MediaOnDemand.com agreement includes a $1 million investment by Winstar in MediaOnDemand.com.
The agreement with iBEAM Broadcasting© incorporates its edge distribution services into Winstar's portfolio of offerings by integrating iBEAM's MaxCaster(TM) media serving systems within the Winstar global broadband network. This high-fidelity streaming platform brings content to end-users, allowing large audiences to simultaneously experience video or audio streams on the Internet with viewing and listening quality that approaches television and radio.
About MediaOnDemand.com
With headquarters in New York City, MediaOnDemand.com (www.mediaondemand.com) is a leading streaming multimedia application service provider (ASP) that creates comprehensive solutions for Fortune 500 clients and other high-profile public and private entities. Privately held and funded, the firm was launched in 1992 and possesses deep background in broadcasting technology. Clients include the American Stock Exchange, Lehman Brothers, McGraw-Hill Companies, Inc., Merrill Lynch, Nasdaq Stock Market and PricewaterhouseCoopers.
About iBEAM
iBEAM Broadcasting Corporation, with headquarters in Sunnyvale, Calif., was founded by data communications, television and telecommunications professionals in 1998. iBEAM provides an Internet broadcast network that delivers streaming media with viewing and listening quality that approaches television and radio. iBEAM's network has the ability to scale to serve large audiences of simultaneous users. iBEAM's customers include major media and entertainment companies. For more information about iBEAM's broadcasting services, visit www.ibeam.com or contact the company at 645 Almanor Avenue, Suite 100, Sunnyvale, CA 94086, telephone 408-523-1600.
About Winstar
Winstar Communications, Inc. (www.winstar.com), a leading broadband services company, helps companies around the globe engage in Frictionless Business through the use of seamless communications and technology. Winstar provides its customers with a comprehensive set of high-quality, digital-age broadband services, including high-speed Internet access and data transport, Web-based information, applications services, Web hosting and local and long distance services.
Winstar offers its services in more than 70 markets throughout the U.S., Europe, Asia and South America. It is the largest holder of broadband fixed wireless spectrum, with licenses in the top 60 U.S. markets and in more than 20 international markets. Winstar's broadband fixed wireless capabilities complement and extend the reach of its extensive fiber network. The company's long-haul fiber network, which supports IP (Internet Protocol), ATM (Asynchronous Transfer Mode) and frame relay, will extend more than 16,000 route miles and connect the top 60 U.S. markets. Winstar's intracity fiber network will consist of nearly 6,000 route miles in over 60 major domestic and international markets.
Winstar's Tier 1 Internet backbone and enhanced Web service offerings, including Web hosting and design, make Winstar one of the largest Internet companies in the U.S. The company's innovative applications enable businesses to take advantage of the new Internet economy. In 1999, the company launched Office.com©, A Service From Winstar, (www.office.com) the new online business service for small and medium-sized businesses. Office.com was ranked first overall among Online Business Centers by Cahners In-Stat Group.
Winstar is based in New York City. The company has strategic relationships with several leading corporations, including Lucent Technologies; Williams Communications, Inc.; CBS Corporation; and Microsoft Corporation. |
