DigMedia Announces Licensing Agreement With InterTrust

Business Wire,  July 25, 2000  

Tags: licensing agreement

• E-mail
• Print
• Link

Business/Entertainment Editors

Plug.In: The Jupiter Communications Online Music Forum

NEW YORK--(BUSINESS WIRE)--July 25, 2000

"End-to-end" Licensing Agreement Integrates InterTrust's Leading Digital Rights Management Technology Into DigMedia's MP3 Hardware and

Record Label Streaming Services

DigMedia, an end-to-end music service provider and digital appliance manufacturer, and InterTrust Technologies Corp. (Nasdaq:ITRU), the MetaTrust Utility(TM), today announced a comprehensive licensing agreement to integrate InterTrust's leading Digital Rights Management (DRM) into DigMedia's digital audio devices, as well as its digital music and video hosting services.

The first half of DigMedia's end-to-end initiative is to provide music hosting and e-commerce services that enable record labels to transmit and sell music over the Internet. At the receiving end, DigMedia manufactures PC and non-PC appliances to playback DRM-encoded music and video files.

"We are pleased to enter into a comprehensive licensing agreement with DigMedia," said Edmund Fish, executive vice president and chief business officer, InterTrust Technologies. "Integrating InterTrust's leading DRM technology into DigMedia's products and services is an important step toward creating new business models where artists and labels can create, sell and persistently protect their music content."

"This agreement with InterTrust will bolster our offering to record labels by giving us the development tools to transmit music and video data securely using the most advanced digital rights management technology available," said Pedro Vargas, a former 12-year business development veteran with Intel, and current chairman and CTO of DigMedia.

"With InterTrust's technology, reception devices like our 2,400 song MusicStore CD/MP3 device (http://www.dig-music.com/toys_framest.htm) will be able to unlock DRM-encoded files from the PC and non-PC devices without the need of a third-party 'viewer' program like RealAudio(R) or Windows Media(TM) Player."

About DigMedia Inc.

DigMedia is a music service provider and digital appliance manufacturer focused on the digital distribution of music and video. Recently spun off from Memory Corp. (EASDAQ:MEMY), DigMedia is based in San Diego with offices in England and Scotland. For more information about DigMedia, visit the company's showcase Web site at http://www.dig-music.com.

About InterTrust Technologies Corp.

InterTrust Technologies is the leading developer of distributed digital rights management (DRM) technology. Its general-purpose DRM platform serves as a foundation for trusted e-commerce in digital information and related services. InterTrust licenses its technology as software and tools to partners whose digital commerce services and applications together form the MetaTrust Utility global commerce system.

InterTrust administers the specifications for the MetaTrust Utility, ensuring the neutrality, security and interoperability of the platform and providing the root source of trust.

The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding InterTrust's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to InterTrust as of the date hereof, and InterTrust assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in InterTrust's reports filed from time to time with the Securities and Exchange Commission.

Note to editors: (c) Copyright 2000 InterTrust and DigiBox are registered trademarks of InterTrust Technologies Corp., and InterRights Point, the InterTrust logo, MetaTrust, MetaTrust-Certified, MetaTrust Utility, PowerChord, Rights/PD and Rights/System are trademarks of InterTrust Technologies Corp., all of which may or may not be used in certain jurisdictions. All other brand or product names are trademarks or registered trademarks of their respective companies or organizations.

COPYRIGHT 2000 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning