NEW YORK, NY (June 12, 2000) — Media 100 Inc. (NASDAQ: MDEA), the
leading provider of software and systems for streaming media on the
Internet, announced today that it has acquired 21st Century Media – a
San Francisco-based provider of encoding, hosting, webcasting,
interactive production and streaming media consultancy – and J2
Digital Media Inc., a New York-based encoding, hosting and streaming
services provider. With these acquisitions, Media 100 has entered into
the streaming media services market and has launched a streaming media
services division – StreamRiver Networks – to provide encoding (audio
and video compression) and hosting (delivery) services for Internet
broadcasters, web designers and digital media content creators.
StreamRiver Networks, an entirely new concept in delivering streaming
media services, leverages Media 100’s leading-edge streaming tools and
technology to provide superior streaming services through affiliate
service centers in major media centers worldwide.
Media 100 also announced today that it has launched its first
streaming media service centers in New York and San Francisco, and
will continue adding new service centers worldwide as demand for
streaming media services continues to grow. Industry analysts predict
the streaming media services market to grow to $2.5 billion by 2004.
“Adding StreamRiver Networks’ services to our industry-leading
tools business is the logical next-step in our streaming media
strategy – and its something that our customers have been looking for
Media 100 to offer,” said John Molinari, chief executive officer of
Media 100. “Media 100 has hundreds of thousands of streaming customers
worldwide. Our strategy is to get even closer to these customers by
launching regional, highly-focused service centers that provide
cost-effective, efficient streaming services to meet their specific
needs.”
