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Article: iBEAM Broadcasting Receives Investment From Sony Corporation of America.
- Article from:
- Business Wire
- Article date:
- December 20, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...