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=================================================== DIGITAL MEDIA WIRE -- July 25, 2000

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iBEAM To Acquire NextVenue For $375 Million Judge To Hold Napster Hearing On WednesdayNBC, Disney File Formal Opposition To AOL-Time Warner Merger Macromedia, Intel Work Together on 3-D Technology Digital Television Developer iSurfTV Raises $6.4 Million Artistdirect, Ticketmaser Online Announce Agreement Briefly Noted: Yahoo Online Music Awards, Online Games, MGM.com, Pogo.com - Real.com, Pulse Entertainment,Time Warner - AT&T, DoubleClick, Scale Eight, Stephen King, PatentCafe, Sega - Pedro Martinez

_____________________________________________ To Acquire NextVenue For $375 Million

Sunnyvale, CA -- Sunnyvale-based iBEAM Broadcasting Corporation, a publicly traded online video company, today announced that it will acquire NextVenue, a provider of streaming media services to financial companies, for $375 million in stock. The acquisition is part of a strategy by Sunnyvale-based iBEAM to diversify beyond entertainment. New York-based NextVenue provides investment banks and securities firms with streaming technology used for "virtual roadshows," multimedia analysts reports, and other purposes. In May, NextVenue filed a registration statement for an IPO. "Most of the early activity in streaming media has been focused on the entertainment space, but that's only one segment of the streaming media market,'' said Alex Benik, an analyst at the Yankee Group. "This acquisition gives iBEAM a strong foothold in the business-to-business market, particularly with financial customers."

biz.yahoo.com/bw/000725/ca_ibeam_n.html To Hold Important Napster Hearing On Wednesday

San Francisco -- The music industry and music fans will be closely watching Wednesday's hearing in U.S. District Court in San Francisco regarding the Recording Industry Association of America's (RIAA) lawsuit against Napster, a music file sharing web site with over 20 million users. The RIAA has asked Judge Marilyn Patel to issue a preliminary injunction that would shut down the Napster service. The record industry claims that Napster is facilitating the wholesale infringement of record companies' copyrights. The judge's ruling could have a profound impact on the recording and music industries. Reuters reported today that Cary Sherman, an attorney for the RIAA, said that the group does not expect a decision on Wednesday. _____________________________________________

NBC, Disney File Formal Opposition To AOL-Time Warner Merger

New York -- Walt Disney and NBC have filed separate letters this week with the Federal Communications Commission claiming that the proposed AOL-Time Warner merger will result in unfair competition in various media sectors. The companies are asking the FCC to impose strict requirements on AOL-Time Warner. Walt Disney and NBC want the FCC to prohibit AOL-Time Warner from blocking other programmers from having access to Time Warner's cable service.

cbs.marketwatch.com/news/current/dis.htx?source=htx/http2_mw

_____________________________________________ Intel Work Together on 3-D Technology

New Orleans, La -- Macromedia, Inc., a developer of multi-media software, announced today that it will incorporate Intel's 3-D graphics technology into its popular Shockwave Player. The two companies said the deal will greatly expand the use of 3-D on the Internet. "Intel is hoping it can piggyback on the popularity of Macromedia's Flash animation player to succeed with 3-D on the Web, an area where legions have failed or stalled," wrote CNET about the deal. The companies said the 3-D technology will be used in areas besides entertainment, including Internet education and online retailing. yahoo.cnet.com/news/0-1005-200-2342687.html?pt.yfin.cat_fin.txt.ne Television Developer iSurfTV Raises $6.4 Million

Sunnyvale, CA. -- iSurfTV Corporation, a developer of technology for digital interactive television, today announced the completion of a $6.4 million round of financing. The company did not disclose the names of the investors. Founded in 1998, iSurfTV provides its clients with a range of interactive video and digital TV services. iSurfTV has also recently created a new programming guide for the interactive TV industry. The company said it appointed Roel Pieper as its chairman of the board. Pieper is a general partner of Insight Capital Partners, which has offices in New York City and Amsterdam. www.isurfTV.com Ticketmaser Online Announce Agreement