archives

o XM Satellite Radio Raises $201.4 Million
o Sirius Satellite Radio Raises $203 Million
o Digital Broadcast Network Heavy.com Raises $3 Million
o Digital TV Firm Geocast Network Systems Ceases Operations
o EA.com Acquires Games Site Pogo.com
o iTV Developer SeaChange Raises $10 Million from Comcast
o 3-D Simulation Firm GreyStone Digital Secures $2.5 Million Credit Line
o Briefly Noted: CD-Rs, The New York Post - Cold North Wind, Robert
Zemeckis Center for Digital Arts, MyMovieIdea.com, Musicmusicmusic - OMT
Technologies
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> Job Postings: Account Executive, Asst. Marketing Mgr./Internet, Music Titler

> Events/Services: "Artesia Digital Asset Management Seminar," "Cannes
Interactive Forum," "Legal & Financial Foundations of Venture Success,"
WebMessenger

Full Job/Event descriptions listed below "Briefly Noted" section or at
http://www.digitalmediawire.com/postings.html

To Post a Job: http://www.digitalmediawire.com/jobs.html
To Post an Event: http://www.digitalmediawire.com/events.html
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o XM Satellite Radio Raises $201.4 Million

Washington, D.C. -- XM Satellite Radio, a developer of satellite-delivered
digital radio programming, announced on Thursday that it has raised $201.4
million in a public offering of 7,500,000 shares and $125 million in
convertible debt. The company will use the proceeds primarily for
marketing and systems, and expects them to fund its operations into 2002.
Washington-based XM Satellite Radio is launching satellites into space in
order to provide digital radio subscriptions to drivers, who will be able
to access the same commercial-free stations nationwide, as well as to
digital cable and satellite television subscribers. XM has partnered with
retailers including RadioShack, Best Buy and Sears to sell its consumer
satellite receivers, which are being manufactured by Sony, Alpine,
Pioneer, Clarion, Blaupunkt, Delphi-Delco, Visteon and Panasonic, and
Sanyo. The company has received investments from General Motors, Honda,
Clear Channel Communications and DIRECTV.
http://biz.yahoo.com/prnews/010301/hsth010.html
http://www.xmradio.com
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o Sirius Satellite Radio Raises $203 Million

New York -- Sirius Satellite Radio announced that it has raised $203
million through an offering of 11.5 million shares of its common stock at
a price of $21.00 per share. Lehman Brothers -- which purchased 1.5
million of the shares -- was the underwriter for the offering. The company
plans to use the proceeds to finance operating expenses. New York-based
Sirius currently has three satellites in orbit that will enable the
company to offer a choice of 100 commercial-free channels to drivers and
other subscribers for $9.95 a month. Competitor XM Satellite Radio raised
over $200 million on Thursday. Sirius has formed partnerships to install
its radios in vehicles made by Ford, Chrysler, BMW, Mercedes, Mazda,
Jaguar and Volvo as well as Freightliner and Sterling heavy trucks.
http://biz.yahoo.com/prnews/010228/nyw099.html
http://www.siriusradio.com
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o Digital Broadcast Network Heavy.com Raises $3 Million

New York -- Digital broadcast network Heavy.com said on Thursday that it
has raised $3 million in its latest round of venture capital financing,
led by Baystar Capital. The company also announced that David Pachter,
former senior vice president, business development for Interactive Video
Technologies, has been named president and COO of the company. "With the
additional financing, a backlog of licensing deals and a growing demand
for our professional services business, we expect to be cash flow positive
in the fourth quarter of 2001," said Heavy.com co-CEO Simon Assad. New
York-based Heavy.com offers original animation, games, radio and other
entertainment on its site. The company said it plans to increase its slate
of off-line programming.
http://www.heavy.com
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o Digital TV Firm Geocast Network Systems Ceases Operations

Menlo Park, Calif. -- Geocast Network Systems, a developer of content
delivery technology through traditional broadcast signals to digital
television, announced on Thursday that it has suspended business
operations and is currently in discussions to sell off its assets. "To
reach the final stage of execution we needed additional funding," said
Joseph Horowitz, chairman and CEO of Geocast Network Systems. "The current
market environment was simply not conducive to our efforts in this regard.
We sincerely thank our employees and partners for their commitment and
support over the last 24 months." The company's demise can also be
attributed to the broadcast industry's slow movement to adopt and
implement standards for digital television. Inside.com featured an article
on Thursday that recorded Sen. John McCain's criticism of the industry,
which will likely not meet the 2006 deadline for a conversion to digital
broadcasts placed by Congress when it granted licenses to the digital
spectrum in 1996.
http://www.geocast.com
http://www.inside.com/jcs/Story?article_id=24677&pod_id=11
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o EA.com Acquires Games Site Pogo.com

Redwood City, Calif. -- EA.com, the online subsidiary of game developer
Electronic Arts, announced that it has acquired games site Pogo.com.
Financial terms of the transaction were not disclosed. Pogo.com president
and CEO Erick Hachenburg will maintain leadership of the site. San
Francisco-based Pogo.com's games are less graphics-intensive than
traditional games from Electronic Arts -- the site offers free board,
word, puzzle, trivia, sports, classic arcade and casino games -- and
claims 17 million registered members. It has also attracted advertisers
such as Pepsi and Nissan. "We like the business model, the revenue stream
and their unique relationship with a key demographic -- women and
families," said John Riccitiello, general manager of EA.com and president
of Electronic Arts. "The high traffic and stickiness of pogo games will
complement EA.com's development of rich content offerings such as
Majestic, Harry Potter and 'The Sims Online.'" Redwood City-based EA.com
has an agreement to provide exclusive online games to AOL's Web
properties.
http://biz.yahoo.com/bw/010228/0599.html
http://www.pogo.com
http://www.ea.com
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o iTV Developer SeaChange Raises $10 Million from Comcast

Maynard, Mass. -- SeaChange, a developer of server and software systems
for video on-demand and interactive television, said on Thursday that it
has received a $10 million cash investment from cable operator Comcast
Corporation in exchange for stock and warrants in the company. Comcast
will offer SeaChange's interactive television systems that enable video
on-demand to its cable subscribers.
http://biz.yahoo.com/bw/010301/2268.html
http://www.seachangeinternational.com
http://www.comcast.com
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o 3-D Simulation Firm GreyStone Digital Secures $2.5 Million Credit Line

San Diego -- GreyStone Digital Technology, a developer of 3-D simulation
software and systems for the defense and entertainment industries, said on
Thursday that it has secured a line of credit of up to $2.5 million from
Capital Solutions Fund. The company plans to use the funds to help bring
its MercRacer 3000 entertainment product to market. San Diego-based
GreyStone develops 3-D graphics software that is used for real-time
simulations of combat for military purposes, and has also been adapted for
coin-operated video games and attractions at entertainment theme parks.
http://biz.yahoo.com/prnews/010228/law091.html
http://www.gstone.com
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o Briefly Noted:

(New York) Reuters reported on Thursday on the proliferation of CD-R discs
resulting from the availability of free music on the Internet from sites
like Napster. Formerly only available at computer and office supplies
stores, the recordable discs can now be bought at retail stores like Kmart
and record stores nationwide. About 1.46 billion CD-Rs are expected to be
sold this year -- up from about half a billion in 1999 -- according to
Brad Yaeger, national marketing manager for blank media at Memorex, the
nation's largest seller of CD-Rs. BestBuy.com currently offers a pack of
400 CD-Rs packaged in shrink-wrap for $89 -- less than a quarter per disc.
http://news.cnet.com/news/0-1005-200-4992485.html?tag=mn_hd
http://www.bestbuy.com/detail.asp?e=11034490&m=488&cat=516&scat=517

(New York) The New York Post said that it will digitize the microfilm
version of its archives and make them available online. The company
partnered with Cold North Wind Corp. to digitize the files, which will
duplicate the entire newspaper's contents, including advertising and
pictures.
http://www.nypost.com
http://www.coldnorthwind.com

(Los Angeles) The USC School of Cinema-Television announced on Thursday
the opening of the Robert Zemeckis Center for Digital Arts -- the
country's first fully digital training facility. The facility's features
include 60 Avid editing stations, a digital theater with THX sound, and
five sound stages. The center was built using donations from director
Robert Zemeckis, as well as from George Lucas and Steven Spielberg.
http://www.usc.edu/dept/pubrel/trojan_family/spring99/insupport/insupport_zemeckis.html

(Los Angeles) MyMovieIdea.com, a site where people can submit 250-word
film pitches for a chance at $50,000 and the opportunity to participate in
the making of their movie, announced its launch on Thursday. Los
Angeles-based MyMovieIdea.com, which was founded by producers of films
including "The Watcher" and "The Hurricane," said it has secured a
multi-million dollar financing commitment from Hollywood production
company Interlight Partners to ensure the opportunity that the pitches
they receive and pick will actually get made.
http://www.mymovieidea.com

(Toronto) Digital music provider Musicmusicmusic has announced a
partnership with OMT Technologies, wherein the two companies will develop
new products and services based on Musicmusicmusic's online multimedia
content library and OMT's multimedia content delivery technology. The
agreement also calls for co-operative marketing and cost-sharing
initiatives. Canada-based OMT's technologies are used by home satellite
services, cable music services, business background music networks,
Internet music sites and radio broadcasters.
http://www.musicmusicmusic.com
http://www.omt.net ===================================================
Job Postings:
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To Post Jobs: http://www.digitalmediawire.com/jobs.html

> World Wrestling Federation, Account Executive - New York City

Internet advertising sales candidates will possess strong entrepreneurial
work habits, at least two plus years media sales experience (including at
least one year selling ".com" advertising), and have established
advertising contacts at both the advertiser direct and agency level. Send
resumes to:
resume@wwfent.com
http://www.wwf.com
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> Forbes Magazine, Asst. Marketing Mgr./Internet - New York City

Opportunity to work on Forbes Magazine¹s Internet subscription programs.
You'll have reporting & analysis responsibilities and assist in creating
internet promotions. Proficiency in Excel required. Strong analytical,
organizational and planning skills, plus 6+ months consumer marketing
preferred. Send resumes to:
jobs@forbes.com
http://www.forbes.com
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> BuzzHits, Inc., Music Titler - San Francisco

BuzzHits is a technology & services provider that delivers mobile impulse
response solutions for advertising purposes. Quickly & accurately identify
title and artist of songs played on Country or R&B/Oldies format. Ability
to "Name the Tune" in 5 notes or less - 100% accuracy. 2 years radio, DJ
and/or music background preferred. Send resumes to jobs@buzzhits.com.
http://www.buzzhits.com

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Event Postings:
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To Post Events: http://www.digitalmediawire.com/events.html

> Artesia, Digital Asset Management Seminar -- SF, LA, Atlanta, NY, DC

Did you know that the average ROI for an enterprise Digital Asset
Management solution is between 9 and 18 months? Artesia Technologies
invites you to a free seminar on digital asset management. Our discussion
will include up-to-the-minute analysis presented for the first time and
speakers from The GartnerGroup, analyst Frank Gilbane and PwC. San Fran on
3/8, LA on 3/9, Atlanta on 3/13, New York City on 3/14, and DC on 3/16.
Send inquiries to personalseminar@artesia.com
To register go to http://www.artesia.com/seminar/index1.html
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> Cannes Interactive Forum, Mar. 9-19, 2001 - Cannes, France

MITIC 2001, an official part of the Cannes Film Festival, introduces
THE CANNES INTERACTIVE FORUM, a high-profile cost-effective way to
demonstrate computer-based technologies such as web content, production
software, streaming systems and more to entertainment industry elite.
Deadline to register is April 1.
rweiner@ddapr.com / 323.692.2330.
http://www.mediatek.com
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> Legal & Financial Foundations of Venture Success, Mar. 3 - Pasadena, CA

In association with the Caltech/MIT Enterprise Forum, this two-part
program looks at the high-tech venture from a legal & financial
perspective, providing both aspiring and experienced entrepreneurs with a
working knowledge of critical issues that can have a major impact on
venture success.
For more information and to register:
http://event3.inetevents.com/event/public/event.cfm?event_id=108
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> WebMessenger: Wireless and Streaming Media Software

WebMessenger does Premium Software Development for Wireless,
Medical, Online Media, and Internet Industries. Competitive Contractor:
California based development and management with oversees support.
Excellent client relationships with perfect referrals. Top-Notch staff:
PhDs and Masters in Computer Science with many years of experience.
Quality Assurance dept. that ensures the highest standards are met.
High-Speed product development cycle: 24-hour global operations. Cost
effective development.
Contact: Aaron Hirsch aaron@webmessenger.com 202-483-5999
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