Palace rebuilt as joint venture; Warner Music, Intel and Softbank form partnership. (The Palace Inc.)(Brief Article)

Broadcasting & Cable, July, 1996 by Tedesco, Richard

Warner Music, Intel and Softbank form partnership Time Warner Interactive's The Palace software project was recast last week as The Palace Inc., a joint venture of Warner Music Group, Intel Corp. and Softbank. The move is a measure of the success of The Palace's virtual chat software.

Since the software s release last November, more t an 100,000 versions of it have been downloaded, with approximately 1,000 commercial and individual sites created. In The Palace's real-time chat environments, people create representative alteregos, or avatars, using photos and graphics from the software. The three-way partnership will fuel development of new features, including expanded audio, video and 3-D capabilities, according to Mike Maerz, Palace president:...

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