Article: iBEAM Broadcasting Receives Investment From Sony Corporation of America.

Business Editors and High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 20, 1999

iBEAM Broadcasting(TM), the leading provider of low cost, high quality, massively scalable Internet audio and video distribution, today announced a strategic investment from Sony Corporation of America, one of the world's premiere entertainment and electronics companies.

"An investment from an industry leader like Sony Corporation of America further demonstrates that we have developed technology that is transforming the Internet into a dynamic new broadcast medium," said Peter Desnoes, President and CEO of iBEAM Broadcasting Corporation. "Sony understands ...

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