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To: Thomas Kirwin who wrote (6649)	3/30/1999 7:59:00 AM
From: flickerful	Read Replies (2) \| Respond to of 17679

IBEAM BROADCASTING(TM) RECEIVES INVESTMENT FROM LIBERTY DIGITAL Investment to Deliver High Quality Streaming Media on the Internet SAN FRANCISCO, March 30 /PRNewswire/ -- Liberty Digital, a division of Liberty Media Corporation, has announced an investment in iBEAM Broadcasting Corporation. iBEAM Broadcasting is building a satellite based network for the wide-scale distribution of streaming audio and video over the Internet. Liberty Media is a leading provider of content for both cable and Internet distribution. Liberty is a participant in iBEAM's latest round of financing totaling $13 million, which also includes iBEAM's current investors. The growing demand for streaming media over the Internet has highlighted the need for a new network architecture that can broadcast streaming audio and video to large Internet audiences. High profile events such as the Victoria's Secret fashion show or the John Glenn space shuttle lift-off have stressed the Internet's ability to deliver streaming media to large audiences. iBEAM Broadcasting enables large scale Webcasting over the Internet through the use of satellite broadcast technology. iBEAM uses satellites to beam streaming Internet programming to a series of MaxCaster(TM) servers located throughout the Internet, bypassing the network congestion that traditionally inhibits Internet Webcasts. This satellite delivery is very similar to the way video and audio are delivered to the head-ends of cable facilities around the world. iBEAM MaxCaster servers can be found in the Points of Presence of ISPs, in the head end of cable plants, and in the regional hubs of DSL networks. By locating these MaxCasters at the very point where the end user accesses the Internet, the iBEAM network delivers a live stream to the user at maximum performance, without the delays or congestion of the traditional Internet backbone. "iBEAM is pleased to have a leading media company like Liberty as an investor," said Peter Desnoes, CEO of iBEAM Broadcasting. "Liberty has always been an innovator in content creation and distribution. The investment from Liberty Digital will allow us to bring this type of innovation to the Internet industry." "Liberty believes that the Internet is revolutionizing the way consumers experience content," said Lee Masters, President and CEO of Liberty Digital. "We feel that the technology of the iBEAM Network is a critical component of making the promise of streaming media on the Internet into a reality." About iBEAM Broadcasting Corporation iBEAM Broadcasting provides an integrated satellite receiver and replication server, designed to augment ISPs Internet backbone connections, providing a consistently high service level for delivery of live and on-demand audio and video content. Founded by data communications and telecommunications professionals in 1998, iBEAM Broadcasting Corporation's mission is to provide a key infrastructure component in a new era in rich multimedia Internet applications for the mass market. iBEAM Broadcasting Corporation offers a significant advantage in both price and performance compared to existing Internet delivery solutions. For more information about iBEAM Broadcasting Corporation's Webcast Distribution services, visit its World Wide Web site at ibeam.com, or contact the company at 645 Almanor Avenue, Suite 100, Sunnyvale, CA 94086 408-523-1600. SOURCE iBEAM Broadcasting Corporation