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July 25, 2000 (Santa
Ana, CA) -- Digital Media Online (http://www.digitalmedianet.com/),
the world's leading developer of B2B vertical online communities for the
digital media market, has entered into an agreement to obtain licensing
and operational authority for two sites owned by Knowledge Industry Publications,
a subsidiary of Phillips Business Information, Inc.
"We are thrilled to have these sites as part of the DigitalMediaNet.com
industry hub," said Michael J. Skerly, President of Digital Media Online.
"Having Knowledge Industry Publications choose Digital Media Online as
the online publishing partner for AVVideo.com and FilmAndVideoMagazine.com
reinforces DigitalMediaNet.com's position as the world's largest online
B2B hub serving the digital media industry."
The agreement is one of the rare alliances between online and traditional
publishing companies and gives Digital Media Online the license and operational
authority for Knowledge Industry Publications' www.avvideo.com and www.filmandvideomagazine.com.
The sites will be updated daily by Digital Media Online staff with breaking
news and industry information. In addition, all editorial content in the
printed publications will be licensed to Digital Media Online from Knowledge
Industry Publications. Digital Media Online will manage online sales in
partnership with the sales staff of the printed publications.
"We are happy to be entering into this partnership with Digital Media
Online to build and develop the avvideo.com and filmandvideomagazine.com
websites. They have clearly grown Digital MediaNet.com into the most important
and respected portal site on the web for digital media creators. We are
fortunate to be teaming up with such a technically experienced group who
also have a deep understanding and appreciation for the markets we serve,"
said Roscoe Smith, President of Knowledge Industry Publications.
The agreement is part of an investment of over $3 million in advertising,
trademark and content licensing from Knowledge Industry Publications and
incorporates the avvideo.com and filmandvideomagazine.com sites into the
DigitalMediaNet.com industry hub.
About Digital Media Online (http://www.digitalmedianet.com)
Digital Media Online is the leading developer of vertical online communities
in the digital media marketplace. With more than 40 channels, DigitalMediaNet.com
serves distinct market segments including streaming media, digital video,
animation, special effects, desktop publishing, imaging and design, digital
audio, CAD, workstations, broadcast and post production and game development.
Each of the channels is updated with current industry news at least once
each business day. The DigitalMediaNet.com community resources include
breaking technology and product news, techniques, white papers, research,
interactive product guides, classified, expert help, training, job and
resume listings and extensive examples of digital art, animations and
video.
About Knowledge Industry Publications, Inc. (http://www.kipi.com)
KNOWLEDGE INDUSTRY PUBLICATIONS (KIPI) has been serving the creative,
management and production needs of professionals working in image creation
for entertainment, information, training, and education since 1967. As
the producer of REPLItech Europe, REPLItech North America, REPLItech Asia,
and as the publisher of AV Video Multimedia Producer, Film & Video, TapeDisc
Business, and the DVD Report; KIPI serves the needs of the creative community
through trade shows, seminar programs, conferences, publications and directories.
KIPI is a subsidiary of Phillips Business Information, Inc.
About Phillips Business Information, Inc.
Phillips Business Information, Inc. (www.phillips.com/pbi),
a subsidiary of Phillips International, Inc., provides a broad range of
business information resources for executives in specialized industries
including telecommunications, media, aviation, aerospace, satellite and
energy. Phillips International, Inc., a $300 million corporation headquartered
in Potomac, Md., offers a wide variety of quality products and services
for both consumer and business-to-business markets. Phillips is one of
the leading publishers in America, with a fast-growing Internet business.
CONTACT:
Kelly Haggard
Marketing Promotions Manager
714-384-3058
khaggard@digitalmedianet.com
www.digitalmedianet.com
Alex McBride
Vice President, Marketing
800-800-5474
alex.mcbride@kipi.com
www.kipi.com
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