Allstocks.com's Bulletin Board Post New Topic  
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Stock Picks Only » MGWB.pk read this news

 - UBBFriend: Email this page to someone!    
Author Topic: MGWB.pk read this news
stockman101
New Member


Rate Member
Icon 1 posted      Profile for stockman101     Send New Private Message       Edit/Delete Post 
AMC and Loews to Merge as Consolidation Continues, Internet Company Magicweb has a solution that will invigorate the movie industry


Magicweb, Inc. (OTC:MGWB) Under pressure from piracy and the illegal copying of content, the online media and entertainment industries are being reinvigorated by new drivers including the online distribution of films and music.

Leading the way is Magicweb, Inc., a technology company that will provide a portal for movie theatres to compete directly with Internet and DVD pirates.

According to Magicweb CEO, Herbert Becker, "Our Corporation has successfully created a seamless technology which allows a movie to be transmitted via IP to a patrons home TV, computer, cell phone, PDA or any wi/fi ready component. Keeping the copyright secure and making it impossible for the end user to copy or save the broadcast."

TechWeb News reports that according to a report released Wednesday, PricewaterhouseCoopers' Global Entertainment and Media Outlook: 2005-2009 cited key drivers as broadband Internet and wireless technologies. "The entertainment and media industry continues to display an extraordinary ability to reinvent itself and create new revenue streams through innovative offerings that barely existed as recently as 2000," said Wayne Jackson, global leader of the firm's Entertainment & Media Practice, in a statement.

The report predicts that spending streams stemming from broadband and wireless technologies will jump from $11.4 billion in 2004 to nearly $73 billion by 2009.

Magicweb, Inc.Public Affairs206-350-5392 IR*magicwebtv.comwww.magicwebtv.com


"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Magicweb, Inc. corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 15c2-11 for the most recently ended fiscal year.

TechWeb News information contributed to this story.
Loews Corporation (NYSE:LTR)

Posts: 4 | From: RI | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

Post New Topic   Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share