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Search Engine, LYCOS, Debuts Video Platform
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Waltham, Massachusetts - (Website Hosting Directory) - June 20, 2006 - Search engine and entertainment destination, LYCOS, Inc., along with PermissionTV, will offer a TV entertainment solution to the nearly 25 million visitors to the LYCOS Network of sites. LYCOS will use the PermissionTV platform to offer a variety of video programming to the its audience.
LYCOS plans to leverage the PermissionTV platform to acquire a wide range of on-demand content from episodic television, to independent films and programming, to long-form films, providing a totally unique broadband based video experience.
David Graves, CEO of PermissionTV commented, ''The combination of LYCOS's reach, and PermissionTV's advanced technology is an attractive proposition for video programmers who want to attract a large audience in the most compelling way. This platform makes it easy to get up and running, allowing content providers to build an audience for their own brands. For sponsors, the enhanced online programming offers exactly what they have been seeking: the targetability of web advertising with content that fit expectations of traditional TV viewers. With the PermissionTV platform, LYCOS is able to offer media companies and content owners a new distribution channel with subscription, advertising or VOD (video on demand) packaging options. Advertisers get a robust and cost-effective way of reaching potential buyers, while viewers get a controllable on-demand viewing experience that feels like TV. The era of merging the interactivity of the Web with traditional broadcast television programming is here. LYCOS can bring an instant audience, immediate distribution and traffic, and consistently re- engage our users with new content, making this platform particularly attractive to content partners and advertisers alike.''
The deal reinforces LYCOS's core strategy to provide consumers with video programming and entertainment enhanced with the interactivity of the web, and a platform for creators to showcase and market quality content. Alfred Tolle, CEO of LYCOS, Inc. explained, ''We chose to work with PermissionTV because we considered it to be one of the most powerful broadband TV platforms available today, allowing us to offer high quality video to our end users that is television-centric, while providing our content partners their own customized channels with a completely unique look under the LYCOS brand. By teaming with PermissionTV, LYCOS is uniquely positioned to become a leader in the television internet space.''
The first programming kicked off June 9 with the launch of LYCOS's behind- the-scenes video coverage of World Cup Soccer, a worldwide sporting event with a fan base in more than 190 countries. For the remainder of World Cup, LYCOS will give an insider's look at World Cup wacky culture, featuring exclusive video from embedded Lycos videographers on the front lines, available only at worldcup.lycos.com and powered by PermissionTV. Additional programming will be launched in the coming weeks, including branded television- and movie- related offerings that lend themselves to mainstream audience demand.
Lycos, Inc. is a wholly owned subsidiary of Daum Communications Corp., an Internet portal and e-commerce destination in Korea with a growing presence throughout the Asian markets. Lycos, Inc. creates and operates search, community and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com and Angelfire.com. Other Lycos products and sites include Lycos Mail, Lycos Games, Lycos Planet, Lycos Phone and GetRelevant. Lycos was acquired by Korean Daum Communications Corp. in October 2004 and has its U.S. headquarters in Waltham, Massachusetts. Daum Communications Corp. is traded on the KOSDAQ: 035720.
PermissionTV is based in Waltham, Massachusetts and a system for media companies and content owners to distribute television programming via the Internet. Founded by seasoned television, media and technology veterans, according to PermissionTV, it is the first solution to combine the television viewing experience with the interactivity and permission marketing aspects of the web.
To learn more about Lycos, please visit: www.lycos.com.
For more information about PermissionTV, please visit: www.permissiontv.com.
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