ABCNEWS.COM AND VIRAGE TEAM UP TO BROADLY DISTRIBUTE SEARCHABLE VIDEO NEWS APPLICATION ON THE WEB
Virage to Syndicate Award-Winning Television News Programs Across the Internet
SAN MATEO, Calif - Jan. 30, 2001 - Virage, Inc. [NASDAQ: VRGE] and ABCNEWS.com have announced that they are teaming up to syndicate the search application that will further distribute the network's award-winning news programming across the Internet. Virage's Video Application Platform and Syndication Manager™ will serve as the foundation for this endeavor. With Virage's application, continuously updated ABC News program clips, previously available only on ABCNEWS.com (NYSE:DIG), will now be accessible at multiple Internet destinations where the content will benefit a broad range of users and viewing audiences.
"We are excited to be working with Virage to broadly distribute our broadcast news content on the Internet," said Bernard Gershon, senior vice president and general manager of ABCNEWS.com. "Virage's syndication capabilities allow ubiquitous, yet secure, distribution of our video content. Through this partnership, we can further enhance the value of our television broadcasts through personalized and on-demand viewing, anywhere, anytime. Virage has pioneered a comprehensive syndication system that enables ABC News to reach more viewers with information tailored to their needs, while at the same time creating a viable, revenue driven business model for the distribution of video on the Internet."
ABC News currently uses the Virage platform to index and publish searchable video clips from Nightline, World News Tonight and Sam Donaldson @ ABCNEWS.com on ABCNEWS.com. With this agreement, Virage and ABC News will broadly distribute on the Internet both daily TV news content and past ABC News coverage. Using the Virage Syndication Manager, ABC News clips can now be distributed to affiliates, news agencies, schools and any other applicable websites where premier ABC News videos are relevant to each audience. On a daily basis, Virage will capture, SmartEncode™ and automatically create ABC News clips specifically packaged to fit the needs of each syndication partner, assuring secure, bandwidth-friendly distribution and integration into affiliate online applications.
"We are seeing more and more large media companies turning to Virage to utilize our unique syndication capabilities to expand the reach of their video content," said Paul Lego, president and CEO of Virage. "By giving a wide range of viewers targeted and personalized ways to access news clips or explore topics of interest, ABCNEWS.com is demonstrating how the value of broadcast video can grow when published and distributed over the Internet. Virage-enabled streaming video syndication on the Web is changing the way that audiences gather information and how organizations, like ABC News, publicize their news to the world."
About ABCNEWS.com
Walt Disney Internet Group manages many of the most popular Web sites and services, including Disney.com, the number one Web site for kids and families; ESPN.com, the leading sports site; ABC.com, the leading broadcast network site; and ABCNEWS.com, one of the leading news sites. Additional properties include Family.com, Mr.Showbiz, Movies.com, Wall of Sound, DisneyAuctions.com, DisneyStore.com, DisneyVacations.com, Soccernet.com and NFL.com. Walt Disney Internet Group also produces Enhanced TV telecasts in conjunction with select ABC Television and ESPN programming and includes the catalog operations of The Walt Disney Company and 19 Disney-branded international properties. Steve Bornstein is the chairman of Walt Disney Internet Group, which is headquartered in North Hollywood, CA, and has operations in Sunnyvale, CA; Bristol, CT; Seattle; New York; and London.
About Virage Syndication Manager
Built on Virage's versatile Video Application Platform, Syndication Manager 2.0 is a complete system for flexible, secure and controlled distribution of video on the Internet. The application allows companies to share video assets with authorized partners while retaining complete control over content. Virage Syndication Manager allows a content owner to classify content into packages, assign unique business rules to any number of distribution affiliates and track usage patterns. The content is selected by the owner and delivered automatically in any number of formats and bitrates to their affiliates, acting as an end-to-end solution for any company's online video content syndication needs. Syndicated video content can be easily and quickly incorporated into any company's website in a way that integrates seamlessly with branding, design and existing applications. Syndication Manager is use by such organizations as ABC News, BMG, CNET Networks and C-SPAN.
About Virage
Headquartered in San Mateo, California, Virage is the leading provider of solutions that enable video for strategic online applications. The Virage Video Application Platform transforms video into an effective online medium that is easy to publish, manage and distribute on the Internet or corporate intranets. The Virage platform provides content owners with the complete infrastructure for seamlessly integrating streaming video into business, entertainment and information applications. From ABC to Yahoo! over 200 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video. Contact Virage at http://www.virage.com/ or (650) 573-3210.
This press release contains "forward looking" statements about the products and services of Virage and ABC News.com, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward looking statements are denoted by such words as "will distribute", "will benefit", "will be" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available online at www.sec.gov. All forward looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage and VideoLogger are registered trademarks and the Virage logo, SmartEncode and Syndication Manager are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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