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SAN FRANCISCO--(BUSINESS WIRE)--Nov. 18, 1998--GameSpot, Inc. and Amazon.com, Inc. (Nasdaq:AMZN) today announced an advertising and content relationship where Amazon.com will be the preferred seller of games on the GameSpot and Videogames.com sites, and GameSpot will provide games-related editorial content on Amazon.com.
Under the terms of the agreement, Amazon.com will receive extensive placements on the GameSpot sites, including "buy now" buttons which will allow GameSpot's 2 million-plus monthly audience to purchase games and game-related books from the online retailer. In addition, GameSpot will provide PC and videogame-related editorial content to Amazon.com.
"GameSpot's agreement with Amazon.com will offer the largest audience of gamers online direct and convenient access to the largest and most respected retailer online. It's a big win for our users, who can now conveniently and securely purchase many of the products they see reviewed or advertised on our sites, and a big win for our advertisers, whose promotions will be even more directly connected to a purchase," said Jonathan Epstein, president and publisher of GameSpot, Inc.
"We have long featured games and game-related books in our store," said David Risher, senior vice president of product development at Amazon.com. "This relationship with a content leader like GameSpot will help us to improve our customers' discovery experience in this area and make it easier for game enthusiasts to shop online."
About GameSpot, Inc.
San Francisco-based GameSpot, Inc. is the publisher of the GameSpot and Videogames.com Web sites, the most highly trafficked game-related sites online. With over 39 million pageviews per month and a monthly audience of over 2 million, GameSpot, Inc. is the most influential provider of information to game buyers in the world. In addition to its US sites, GameSpot Inc. has ten international partner sites, and provides content to a number of major sites, including Yahoo and ESPN Sportzone. GameSpot, Inc. is majority owned by Ziff-Davis (NYSE:ZD). Ziff-Davis is a leading integrated media and marketing company focused on computing and Internet-related technology, with principal platforms in print publishing, trade shows and conferences, online content, market research and education.
About Amazon.com, Inc.
Amazon.com, Inc., Earth's biggest book and music store (Nasdaq:AMZN), opened its virtual doors on the World Wide Web in July 1995 with a mission to offer products that educate, inform, and inspire. Today, the Amazon.com store offers more than 3 million books, CDs, videos, DVDs, audiobooks, computer games, and other titles, plus easy-to-use search-and-locate features, secure credit card payment, personalized recommendations, streamlined ordering through 1-Click(SM) technology, and direct shipping.
Amazon.com operates two international bookstore Web sites: www.amazon.co.uk in the United Kingdom and www.amazon.de in Germany. Amazon.com also operates PlanetAll (www.planetall.com), a Web-based address book, calendar, and reminder service, and the Internet Movie Database (www.imdb.com), the Web's comprehensive and authoritative source of information on more than 150,000 movies and entertainment programs and 500,000 cast and crew members dating from the birth of film in 1892 to the present.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Amazon.com's limited operating history, the unpredictability of its future revenues, and risks associated with capacity constraints, management of growth, and new business opportunities. More information about factors that potentially could affect Amazon.com's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 1997, and quarterly report on Form 10-Q for the quarter ended September, 1998, both filed with the Securities and Exchange Commission.
Note to Editors: Amazon.com, Amazon.co.uk, Amazon.de, PlanetAll, Internet Movie Database, Earth's Biggest Bookstore, and 1-Click are either registered trademarks or trademarks of Amazon.com, Inc. or its affiliates. All other names mentioned herein may be trademarks of their respective owners.
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Santa Clara, California, Nov. 18 (Bloomberg) -- Amazon.com Inc., Yahoo! Inc. and other Internet-related shares soared on optimism that more shoppers will buy holiday gifts online and spending on Internet advertising will increase.
Amazon.com, the No 1. online book and music merchant, rose 15 1/2 to 164. Yahoo, the No. 1 Internet directory, rose 13 3/8 to 190 1/8. Internet auctioneer eBay Inc. rose 18 7/8 to 147 1/2. Internet software company Inktomi Corp. rose 21 5/8 to 153 5/8.
Investors are betting that Internet merchants and directories can benefit from the growing popularity of shopping online. Boston Consulting Group, a market researcher, estimates that online retailing is growing more than 200 percent a year and merchants will sell $13 billion worth of goods online this year. Internet directories hope to sell more ads and collect increased royalties from referring users to merchants.
''The approach of the holiday season is benefiting a number of Internet companies,'' said Derek Brown, an analyst with Volpe Brown Whelan. ''We're heading into the strongest period of the year.''
Amazon.com shares rose 17 percent yesterday as it unveiled an online video store and a gift center selling consumer electronics, toys and gadgets. The worldwide market for videos is worth $15 billion to $20 billion, Brown said.
Amazon.com's new stores ''may be more of a long term strategic positive than an immediate holiday positive,'' said Dalton Chandler, an analyst with Needham & Co.
The Seattle, Washington-based company plans to continue running its gift center after the holidays are over, giving it an easy way to test new product offerings. Investors are also expecting Amazon.com to introduce other online shops in addition to the current book, music and video stores. Chandler suspects that the company may start an online software store next.
Other Internet-related shares which rose included No. 1 online service America Online Inc., which climbed 8 1/8 to 83 1/2, and software company Netscape Communications Corp., which rose 10 to 39 1/4. The two companies are in talks that could result in AOL distributing Netscape's browser, people familiar with the negotiations said.
Cnet Inc., a publisher of computer-related Web sites and television shows, climbed 4 3/8 to 63 3/8. Lycos Inc., an Internet directory, rose 3 7/8 to 64 3/8.>
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Santa Clara, California, Nov. 18 (Bloomberg) -- Amazon.com Inc., Yahoo! Inc. and other Internet-related shares soared on optimism that more shoppers will buy holiday gifts online and spending on Internet advertising will increase.
No 1. online book and music merchant Amazon.com rose 15 1/2 to 164. Yahoo, the No. 1 Internet directory, rose 13 3/8 to 190 1/8. Internet auctioneer eBay Inc. rose 18 7/8 to 147 1/2. Internet software company Inktomi Corp. rose 21 5/8 to 153 5/8.
Investors are betting that Internet merchants and directories can benefit from the growing popularity of shopping online. Boston Consulting Group, a market researcher, estimates that online retailing is growing more than 200 percent a year and merchants will sell $13 billion worth of goods online this year. Internet directories hope to sell more ads and collect increased royalties from referring users to merchants.
''The approach of the holiday season is benefiting a number of Internet companies,'' said Derek Brown, an analyst with Volpe Brown Whelan. ''We're heading into the strongest period of the year.''
Amazon.com shares rose 17 percent yesterday as it unveiled an online video store and a gift center selling consumer electronics, toys and gadgets. The worldwide market for videos is worth $15 billion to $20 billion, Brown said.
Amazon.com's new stores ''may be more of a long term strategic positive than an immediate holiday positive,'' said Dalton Chandler, an analyst with Needham & Co.
The Seattle, Washington-based company plans to continue running its gift center after the holidays are over, giving it an easy way to test new product offerings. Investors are also expecting Amazon.com to introduce other online shops in addition to the current book, music and video stores. Chandler suspects that the company may start an online software store next.
Other Internet-related shares which rose included No. 1 online service America Online Inc., which climbed 8 1/8 to 83 1/2, and software company Netscape Communications Corp., which rose 10 to 39 1/4. The two companies are in talks that could result in AOL distributing Netscape's browser, people familiar with the negotiations said.
Cnet Inc., a publisher of computer-related Web sites and television shows, climbed 4 3/8 to 63 3/8. Lycos Inc., an Internet directory, rose 3 7/8 to 64 3/8. >
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NEW YORK, Nov 18 (Reuters) - Internet stocks, the archetypal speculative class, took a defensive turn on Wednesday as investors flocked to older, profitable and safer names in the group.
"It's a flight to quality for the Internet stocks, if you can call it that," said Paul Bard, an Internet analyst with Renaissance Capital.
Buying in the big Internet names was seen on both the retail and the institutional level, traders said.
"Rather than just buying anything that has '.com' in the name, investors are getting more selective," said Peter Coolidge, senior equity trader at Brean Murray & Co.
Analysts and traders who follow the sector said the big names like America Online Inc. <AOL.N> and Amazon.com Inc. <AMZN.O> were most likely to attract institutional interest.
"Normally, the institutions will go into the bigger names," said Michael Cope, a managing director of Nasdaq trading at Dain Rauscher.
AOL was atop the New York Stock Exchange's most active list at mid-afternoon, up $8.19 at $83.25 in its first day of trading after a two-for-one stock split.
Yahoo! Inc. <YHOO.O>, considered one of the industry's benchmark issues, was up $10.25 at $187.
Amazon.com soared $17.875 to $166.375.
"Yahoo! and AOL have really established themselves as Internet players...they have a larger track record," said Renaissance's Bard.
Another member of the Internet old guard, Netscape Communications Corp. <NSCP.O>, led the Nasdaq stock market most-active list, up $5.75 to $35. The Wall Street Journal said the company was discussing partnership possibilities with AOL.
Among Internet newcomers, EarthWeb Inc. <EWBX.O>, which went public in a stunning debut two weeks ago, was down $7.125 at $43.875, while theglobe.com <TGLO.O> fell $2.56 to $37.875.
Infonautics Inc. <INFO.O>, which last week traded as high as $10, was down $1.25 at $4.
"With Earthweb and theglobe.com, which were bid up to these huge levels, the high levels weren't reflective of the value of the company. It's the return of the rational investor," said Bard.
The Internet sector proved a bright spot in a lackluster market. Shortly after noon, the Dow Jones Industrial Average was up 4.37 points at 8989.62.
The American Stock Exchange's Internet index <.IIX> was up about 5.3 percent.
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Santa Clara, California, Nov. 18 (Bloomberg) -- Amazon.com Inc., Yahoo! Inc. and other Internet-related shares soared on optimism that more shoppers will buy holiday gifts online and spending on Internet advertising will increase.
No 1. online book and music merchant Amazon.com rose 20 5/8 to 169 1/8 in midafternoon trading. Yahoo, the No. 1 Internet directory, rose 11 1/4 to 188. Internet auctioneer eBay Inc. rose 15 7/8 to 144 1/2. Internet software company Inktomi Corp. rose 15 1/16 to 147 1/16.
Investors are betting that Internet merchants and directories can benefit from the growing popularity of shopping online. Boston Consulting Group, a market researcher, estimates that online retailing is growing more than 200 percent a year and merchants will sell $13 billion worth of goods online this year. Internet directories hope to sell more ads and collect increased royalties from referring users to merchants.
''The approach of the holiday season is benefiting a number of Internet companies,'' said Derek Brown, an analyst with Volpe Brown Whelan. ''We're heading into the strongest period of the year.''
Amazon.com shares rose 17 percent yesterday as it unveiled an online video store and a gift center selling consumer electronics, toys and gadgets. The worldwide market for videos is worth $15 billion to $20 billion, Brown said.
Other Internet-related shares which rose included No. 1 online service America Online Inc., which climbed 7 3/8 to 82 3/4, and software company Netscape Communications Corp., which rose 6 7/16 to 35 11/16. The two companies are in talks that could result in AOL distributing Netscape's browser, people familiar with the negotiations said.
Cnet Inc., a publisher of computer-related Web sites and television shows, climbed 4 to 63. Lycos Inc., an Internet directory, rose 4 1/4 to 65.
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New York, Nov. 18 (Bloomberg) -- Internet retailing in the U.S. could make as much as $13 billion in revenue this year, beating other forecasts and showing the industry is growing faster than previously thought, reported the Wall Street Journal Interactive Edition, citing a study by consulting firm Boston Consulting Group and shop.org, an association of online retailers. The survey, whose results will be released this week, covered more than 100 Internet retailers and shows a growing number of traditional businesses are also turning to the Internet to sell, the WSJ said. ''We're seeing a rapid convergence between the virtual and real worlds, and the retailers who do the best have both online and bricks-and-mortar distribution outlets,'' said David K. Pecaut of Boston Consulting Group.
Amazon.com Inc. shares surged 18 percent yesterday on investor hopes the No. 1 Internet bookseller would reap more revenue from its new online video store and holiday gift center.
(Wall Street Journal Interactive Edition 11/18 www.wsj.com)
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No one has had better PR since Goebel's ran the Nazi PR machine.
Heil Hitler and God Bless America.
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