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Net Briefs

May 14, 2001  •  Post A Comment

Exclusive agreements eluding iN Demand
iN Demand, which is trying to secure content licenses from major film studios that would enable the company to transform its limited menu of pay-per-view movies into a full-fledged cable VOD service, has abandoned hopes of signing exclusive deals with the majors. “When we do enter into contracts with the studios, it’s going to be on a nonexclusive basis,” iN Demand spokesman Joe Boyle told an audience at the TVision 2001 conference last week in Los Angeles.
SpecTV hoping DEN will rise from dead
Broadband video-on-demand content aggregator SpecTV has been in talks with boutique investment bank Houlihan Lokey Howard & Zukin about a potential deal that would finance SpecTV’s proposed licensing of defunct online entertainment company Digital Entertainment Network’s content library for video-on-demand purposes. DEN’s collection of its own original programming, which consists primarily of youth-oriented sitcoms, is now held by Yahoo! CEO and one-time DEN investor Terry Semel. SpecTV, which has raised only about $100,000 in funding from angel investors to date, certainly could use some of Houlihan Lokey’s cash. But SpecTV CEO James de Rin concedes that pitching bankers on the DEN acquisition is a tough sell. “They think I’m piling crap on crap,” Mr. de Rin said. “But I see it as having value.”
Intertainer embracing rich-media ads
Broadband video-on-demand provider Intertainer is integrating streaming ads into its service. The move indicates that advertising may generate revenues even for expensive subscription or transaction-based services.