Digital Video Display Technology Partners With NeTune Communications To Offer First Real Time Video-On-Demand
Digital Video Display Technology is in the final stages of formalizing a strategic relationship with NeTune Communications. The basis of this relationship originally announced on September 14, 1999, is for the creation of an entertainment platform that will for the first time offer real time video-on-demand for the social setting and hospitality industries. In the proposed relationship being discussed, NeTune will be the satellite service provider for scheduled satellite delivery of encoded content, manage the content file and storage library; assist in the coordination of the satellite dish installation and video-on-demand jukebox, and provide the guidelines of a versatile open-ended hardware platform technology solution. In addition, NeTune and DVDT are discussing a strategic partnership that involves ancillary revenue sharing of e-commerce initiatives, scheduled real-time broadcast programming, and location-based video communication. John Petrovich, Chief Operating Officer of NeTune Communications explained, ""The DVDT initiative is all about leveraging the power of scheduled satellite content delivery from point to multipoint for playback whenever the consumer chooses."" Furthermore, Mr. Petrovich commented, ""DVDT is targeting a truly niche market as it aims to replace a portion of the 350,000 traditional mechanical jukeboxes in the United States with the DVDT System designed to offer the first Real Video on Demand products. For the first time consumers will be able to view what they want, when they want, where they want within the location based setting."" Downloaded music, live broadcasting and interactive advertising all define the way of the future, particularly as far as the jukebox is concerned. The DVDT System is a unique, patented product that combines the advantages of video music, live simulcast broadcasting, coupon promotions, on-screen advertising as well as the ability to purchase related merchandise. The DVDT System is far more than a jukebox, requiring far less maintenance and lower operating costs. Currently the DVDT System is being positioned to offer host locations and related advertisers new opportunities for increased sales and marketing.""