CNN Signs Agreement With InterVU for Hosting and Distributing Video on the Internet During Peak News Events
Business Wire - March 16, 1998 07:46
%CNN %INTERVU ITVU %CALIFORNIA %GEORGIA %TELECOMMUNICATIONS %INTERACTIVE %MULTIMEDIA %INTERNET V%BW P%BW
SAN DIEGO/ATLANTA--(BUSINESS WIRE)--March 16, 1998--
CNN taps the InterVU Network to enable bandwidth-intensive video delivery over the Internet
InterVU Inc., (NASDAQ:ITVU), a pioneer in video delivery over the Internet, has signed an agreement with CNN, the world's news leader, in which the CNN Web sites will be able to utilize the high speed, high quality video capabilities of the InterVU Network.
The CNN Web sites use extensive live and on-demand video, both of which consume high levels of Internet bandwidth. Whenever large quantities of bandwidth are needed, beyond CNN's own internal capacity, during busy news days InterVU will provide hosting and distribution services for video content on the CNN Websites.
The InterVU Network delivers video from dedicated Delivery Centers that are strategically distributed across nine backbones over the Internet to optimize video file availability. Using the InterVU Network, the CNN Web sites and the Web sites of other properties and affiliates of Turner Broadcasting System Inc., including TBS Superstation, Turner Network Television (TNT), Turner Classic Movies (TCM) and the Cartoon Network, can choose to add capacity to their streaming video services on demand during peak events. The InterVU Network assists in dramatically increasing audience reach and facilitating end-user access to video content on the Internet.
About the CNN Web sites
The CNN Web sites generate more traffic and attract more unduplicated Internet users than any other company's general news and information Web sites. The CNN Web sites averaged more than 69 million page impressions per week for January 1998 and a record of 76.9 million for the week ending Feb. 1, 1998. The CNN Web sites include CNN.com, CNNfn.com, a unit of CNN Financial News; CNNSI.com, a joint sports site with Sports Illustrated; All Politics.com, a U.S. political news site produced in conjunction with TIME Magazine; CNN Custom News, a personalized news service operated with Oracle technology; CNNenEspanol.com, a Spanish-language site; and Svenska CNN, a Swedish-language news site produced with Telia.
About InterVU Inc.
Offering full-service video solutions to cable/TV networks, Web sites, major ISPs, advertisers, and advertising agencies, InterVU's Network optimizes bandwidth for Web sites and end-users to increase performance while driving down costs. InterVU's comprehensive, turnkey video services include the management and distribution of live broadcasts, video-on-demand, the V-Banner (video advertising banner), and video encoding. InterVU currently works with over 30 clients including several Fortune 500 companies. Clients such as NBC, Major League Baseball, Intel, Ralston Purina, FAO Schwartz, and Volvo regularly use InterVu's Network.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties that might cause actual results to differ from those foreseen, including the market acceptance for InterVU's specialized services, technological change and intense competition, as well as the other risks detailed from time to time in InterVU's SEC reports, including the report on Form 8-K filed on December 1, 1997.
CONTACT: InterVU Network
Allie Shaw, 619/350-1600 ext. 144
ashaw@intervu.net
or
CNN Interactive
Kerrin Roberts, 404/827-5340
kerrin.roberts@turner.com
or
Technology Solutions/PR
Ana Rahona, 212/696-2000
arahona@tsipr.com
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