To: James M. Bash who wrote (13669 ) 5/10/2000 9:52:00 PM From: Nimbus Read Replies (3) | Respond to of 21142
Big Iron time for TW And you "experts" thought MSOs like TW would NEVER share revenue. Tisk Tisk. TIME WARNER AND DIVA SIGN VOD INTEGRATION AGREEMENT Redwood Cty, CA & Stamford, CT (May 9, 2000) - DIVA(TM), a leading provider of interactive video-on-demand (VOD) products and services for the cable television industry, and Time Warner Cable, a division of Time Warner Entertainment Company, LP today announced the two companies have signed an agreement regarding the design, development, testing and integration of video-on-demand hardware and software for the Pegasus platform, Time Warners interactive services architecture. As Time Warner continues to integrate new services into its rollout of digital cable boxes to customers homes, we are enthusiastic about the prospect of including VOD to customers receiving our digital cable service, said Mike LaJoie, Time Warner Cables vice president of corporate development. DIVAs experience and expertise is a welcome addition to our multi-vendor efforts in developing this new service. Time Warner pioneered the development of interactive television, said Ray McDevitt, DIVAs executive vice president of business and product development. Our commitment to work with Time Warner to modify our field-proven technology and be fully compliant with their Pegasus platform is an important step toward broadening the availability of video-on-demand. About Time Warner Time Warner Cable owns and manages the worlds most advanced, best clustered cable television operations, with 90 percent of its 12.7 million customers in systems of 100,000 subscribers or more. It is a division of Time Warner Entertainment. Time Warner Inc. (NYSE: TWX, www.timewarner.com), the worlds leading media company consists of four businesses: cable networks, publishing, entertainment and cable. About DIVA DIVA Systems Corporation (www.divatv.com) is a privately held company founded in June 1995 and is headquartered in Redwood City, Calif. DIVA commercially launched its digital video-on-demand (VOD) service in cable television systems in the fall of 1997 and is the only company currently deploying an end-to-end video-on-demand service in North America. As a leading provider of interactive VOD products and services for the cable television industry, DIVA provides the hardware, software, back office and integration expertise to enable cable companies to provide their customers with immediate, affordable access to hundreds of viewing choices including feature films, childrens programming and specialty shows, via their remote control. DIVA has also recently introduced an interactive program guide (IPG) as a stand-alone product that allows television viewers to search and access viewing choices in real-time. DIVAs interactive (VOD) products and services are now deployed in seven cable systems in the U.S. with multiple system operators, including Charter Communications, Insight Communications and MediaOne. DIVA has also established relationships with leading industry participants, including content providers such as Warner Bros., Sony Pictures, Universal, FOX, Disney, manufacturers of digital set-top boxes, providers of application managers and set-top box operating systems and billing system providers. For More Information, contact: DIVA (650) 779-3086 Patrick J. Gushman Vice President, Corp. Communications Georgeann H. Ikuma Sr. Manager, Media and Public Relations Time Warner (203) 328-0613 Michael Luftman Vice President, Corp. Communications