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Technology Stocks : Brilliant Digital Entertainment -- BDE -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (270)	5/14/1999 11:06:00 PM
From: John Miz	Respond to of 395

BDE gets some L.A. Press... Los Angeles Daily News (Copyright 1999) LOS ANGELES -- Wall Street gave its blessing Wednesday to 3-year-old Brilliant Digital Entertainment, the software developer with the gimmick of offering movies that have hundreds of plot-twist choices. Stock of long-suffering Brilliant rocketed 35 percent, gaining $1.75 to $6.75 on volume of over 1 million shares -- nearly 10 times the 30-day average. The run-up came after Woodland Hills, Calif.-based Brilliant announced that a quintet of high-profile investors, including Prince Ahmad Bin Khalid Al Saud, have bought 18 percent of the company for $4.3 million. "We are pleased at the recognition Brilliant is receiving for our technology and digital content library," said Mark Dyne, chairman and chief executive officer, in a statement. "This new investment package, together with valuable experience brought to the company by these individuals, will help us advance our growth strategy for delivering next-generation entertainment over the Internet and other broadcast mediums and to proceed with planned acquisitions." Other investors are Tim Helfet, president and chief executive officer of Rysher Entertainment; Martin Schuermann, U.S. representative of European producer CLT-UFA; Brent Cohen, formerly president of Packard Bell NEC; and Barry Baeres, president of German media group Intertainment Aktiengesellschaft. Brilliant, which began selling its digitally animated Multipath Movies in December, did not disclose how much each investor has acquired but the prince has been given the right to a seat on its board of directors. The prince, a member of Saudi Arabia's royal family, previously held a controlling stake in Harvey Entertainment Co. The company, which signed a variety of significant distribution and content partnerships, also announced Wednesday a revenue-sharing pact with Home Benelux, a European joint-venture of Internet-cable specialist Home Network. It reiterated an announcement that it is in talks for an acquisition of an undisclosed entity.