SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: GVTucker who wrote (109907)9/14/2000 7:26:10 AM
From: Road Walker  Respond to of 186894
 
NBA joins Intel in Web video venture

NEW YORK (AP) - Seeking to expand its Internet presence without harming its relationship with TV networks, the NBA said Wednesday it will team with computer chip giant Intel Corp. (NasdaqNM:INTC - news) to expand the basketball video offerings on its Web sites.

At start of the season, fans can expect simple video highlights packages and "tidbits" of archival footage on the National Basketball Association's network of Web sites, including team sites, NBA Commissioner David Stern said.

Later, the venture will sell Web surfers deeper access to video archives and statistics. The ultimate goal is to let fans create their own game feeds from multiple camera locations.

"It will enable us to reach our fans with the promises that have been made for interactive media," Stern said.

The technology will come from Convera Corp., a company to be formed by the merger of an Intel division and Excalibur Technologies Corp. (NasdaqNM:EXCA - news), a Vienna, Va., company that makes systems for organizing and archiving video footage.

In return for its patronage, New York-based NBA will receive a 10 percent stake in Convera. Other terms of the deal were not announced.

"We are going to be able to blaze a trail, and that's going to create additional business for Convera," NBA spokesman Ed Desser said.

Convera's scrambling technology allows video clips to be distributed in a form that can't be copied or passed on.

The NBA has not determined how fans will be charged for the interactive services. Pay-per-view and subscription models are being discussed.

Jupiter Communications analyst Christopher Todd said the NBA is balancing its Internet ambitions with the need to keep TV networks happy.

"If the NBA wasn't concerned about its television partners, it would be streaming live video on the Web right now," Todd said.

Web video is a practical viewing experience only for those with high-speed Internet connections, a few percent of the U.S. households.

The formation of Convera Corp. was announced in May. Intel and Excalibur expect the merger to be completed later this fall. © The Canadian Press, 2000