Headlines From Digital Media Wire

Market Wire, August, 2000

Headlines from Digital Media Wire: Creative Planet Raises $38 Million in Fifth Round; Vulcan Ventures Takes Stake in TheStreet.com; Lieberman Holds Conservative Positions on Digital Media; Alchemedia Raises $17.5 For Image Protection Technology; Streaming Message Company iClips Raises $6.4 Million; Star Trek Book Series To Be Published Exclusively In Digital Format

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Creative Planet Raises $38 Million in Fifth Round Vulcan Ventures Takes Stake in TheStreet.com Wired: Lieberman Holds Conservative Positions on Digital Media Alchemedia Raises $17.5 For Image Protection Technology Streaming Message Company iClips Raises $6.4 Million Star Trek Book Series To Be Published Exclusively In Digital Format Briefly Noted: Music piracy, online advertising, MP3Board.com, Ecast - Eveo, MarsMusic.com, eUniverse, iBEAM, Hughes - AEI,Sonic Sounds - PlayJ.com, Intel - Matsushita, AudioRamp, Cybars.com, JimiHendrix.com ______________________________________________ Planet Raises $38 Million in Fifth Round

Los Angeles -- Creative Planet, a provider of technology services and Internet applications for the entertainment industry, announced today that it has raised $38 million in its fifth round of equity financing. Times-Mirror Chandler Trust Ventures led the investment. Other investors included J & W Seligman Funds, Chase Capital Partners, Waterview Advisors, PaineWebber Capital, SunAmerica Investments, East River Ventures, Ares Management and Trekk Opportunity Partners. Los Angeles-based Creative Planet uses the Internet and technology in a variety of different ways to save money -- and time -- for entertainment companies. Creative Planet has also entered into an e-commerce venture with Commerce One, a leading business-to-business company. Jack Valenti, CEO of the Motion Picture Association of America, and Frank Biondi, former CEO of Viacom and Universal, are on Creative Planet's board of directors. www.creativeplanet.com

Ventures Takes Stake in TheStreet.com

New York -- TheStreet.com, Inc., an online financial news service that has seen its stock price plummet over the last year, announced Tuesday that it has raised $7.5 million by selling a 5% stake in the company to Paul Allen's Vulcan Ventures and GO2Net. Under the deal, Vulcan and GO2Net also have an option to acquire an additional 7.5% stake in the company. New York-based TheStreet.com, which saw its stock soar to over $70 after its IPO last year, ended today at $6, up 20% on the day. In many respects, the funding reflects the low valuation of one of the Internet's leading content brand names. Thomas Clarke, CEO of TheStreet.com, called the deal "a vote of confidence in our financial strength, our brand, and our new business model." This new model includes the addition of several new subscriber-based niche sites, and the gradual movement away from a subscription model for its general content offerings. www.thestreet.com

Lieberman Holds Conservative Positions on Digital Media

Washington, D.C. -- A WiredNews article published today said that Democratic vice presidential candidate Joseph Lieberman, who has a reputation as a liberal on many issues, has taken a conservative stance on a number of digital media issues. In May, Lieberman sponsored the Media Violence Labeling Act, which caused the videogame and motion picture industries to fall under a single national rating system. WiredNews reported that a month later Lieberman said that the legislation "sets the stage" for a rating system for web sites. In June, Lieberman told a Congressional advisory panel that the government should consider creating a new top-level domain such as ".sex" or ".xxx." "This idea, which would in effect establish a virtual red-light district ... has a lot of merit," the article quoted Lieberman as saying. "For rather than constricting the Net's open architecture, it would capitalize on it to effectively shield children from pornography." www.wired.com/news/politics/0,1283,38055,00.html Raises $17.5 For Image Protection Technology

San Francisco -- Alchemedia, a developer of "image protection" technology, announced today that it has received $17.5 million in its third round of funding. The investment was led by The Carlyle Group of Washington DC. San Francisco-based Alchemedia said its technology "protects images from Napsterization (peer-to-peer sharing of digital content), and promotes image-based commerce by preventing copying, printing and screen capturing of images." The company said its "Clever Content" product is used by sites including Variety.com and Terraserver.com.www.alchemedia.com/company/releases/080800.html Message Company iClips Raises $6.4 Million