Economist.tv Chooses Virage Platform for Syndication and Distribution Of Global Streaming Video

Virage Enables Online Video Content Syndication by the Leading International

Business and Current Affairs Publication



Apr 23, 2001, 01:00 ET from Virage Inc.

    PINEWOOD STUDIOS, England, April 23 /PRNewswire Interactive News Release/
 -- Virage Inc., (Nasdaq:   VRGE) a leading provider of software and services
 that enable video for strategic online applications, announced today an
 agreement with The Economist to provide a global syndication and distribution
 infrastructure for Economist.tv, the new television and broadband service from
 The Economist. Virage will provide Economist.tv with the software, services
 and infrastructure required to build a sophisticated video distribution
 management system for the syndication of on-demand broadband programming via
 the Internet.
     Economist.tv offers 5-minute video clips that follow the same unique style
 of The Economist magazine, offering clear reporting and commentary on world
 politics, business, finance and culture. Using the Virage SmartEncode(TM)
 process, this content will be indexed to provide a video database that can be
 automatically published and searched on demand. The Virage Syndication
 Manager(TM) and the Virage Video Application Server(TM) will then be used to
 manage and distribute Economist.tv's wide range of content to third-party
 affiliate sites worldwide, securely and efficiently. These sites will be able
 to search and access information from a video database archive, then select
 and view relevant video clips.
     Tony Wales, director of Economist.tv comments, "Virage has a proven track
 record with distribution and syndication of rich media and its online video
 infrastructure is the ideal platform for syndicating Economist.tv video
 content on the Net. With the Virage platform, we can offer syndication with
 better access and improved distribution of high quality content, while
 retaining complete control and protecting our rights."
     "We're obviously delighted to be working with a world-class media brand
 such as The Economist," said Mark Rattley, VP and General Manager for Virage
 Europe. "With such information-rich and compelling content, our services will
 assist Economist.tv to create a revenue-driven business model through the
 distribution of their video on the Internet."
 
     About Virage Syndication Manager
     Built on Virage's versatile Internet Video Application Platform,
 Syndication Manager(TM) 2.0 is a complete system for flexible, secure and
 controlled distribution of video on the Internet. The application allows
 companies to share video assets with authorized partners while retaining
 complete control over content. Virage Syndication Manager allows a content
 owner to classify content into packages, assign unique business rules to any
 number of distribution affiliates and track usage patterns. This content is
 selected by the owner and delivered automatically in any number of formats and
 bitrates to their affiliates, acting as an end-to-end solution for any
 company's online video content syndication needs. Syndicated video content can
 be easily and quickly incorporated into any company's website in a way that
 integrates seamlessly with branding, design and existing applications.
 Syndication Manager is used by such organizations as ABC News, BMG, CNET
 Networks, C-SPAN and The Economist.
 
     About The Economist
     The Economist is a weekly international news and business publication
 offering clear reporting, commentary and analysis on world politics, business,
 finance, science, technology, culture, society, media and the arts. With a
 weekly readership of more than 3 million in more than 180 countries, The
 Economist has a unique relationship with its audience of the world's
 decision-makers and opinion-formers. It is supported by a network of
 correspondents and intelligence that makes it one of the most influential and
 respected publications in the world. Economist.tv is the new broadband service
 from The Economist. For further information please visit www.economist.tv .
 
     About Virage
     Headquartered in San Mateo, California, Virage is the leading provider of
 solutions that enable video for strategic online applications. The Virage
 Internet Video Application Platform transforms video into an effective online
 medium that is easy to publish, manage and distribute on the Internet or
 corporate intranets. The Virage platform provides content owners with the
 complete infrastructure for seamlessly integrating streaming video into
 business, entertainment and information applications. From ABC to Yahoo! over
 250 customers across a broad range of markets have turned to Virage to help
 them improve production efficiencies and create new revenue opportunities with
 video. For further information please visit Virage at www.virage.com
 
     This press release contains "forward looking" statements about the
 products and services of Virage and Economist.tv, as that term is used in
 Section 21E of the Securities Exchange Act of 1934. Forward looking statements
 are denoted by such words as "will provide", "will be used," "will assist,"
 and similar terms and phrases. These types of statements address matters that
 are subject to risks and uncertainties which could cause actual results to
 differ materially. In addition, our forward-looking statements should be
 considered in the context of other risk factors discussed in our filings with
 the Securities and Exchange Commission, including our Registration Statement
 on Form S-1, as amended, available online at http://www.sec.gov. All forward
 looking statements are based on information available to the company on the
 date hereof, and the company assumes no obligation to update such statements.
     NOTE:  Virage and VideoLogger are registered trademarks and the Virage
 logo, Virage Application Server and SmartEncode are trademarks of Virage, Inc.
 Other company product and service names may be trademarks or service marks of
 others, and are hereby acknowledged.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X76904512
 
 

SOURCE Virage Inc.
    PINEWOOD STUDIOS, England, April 23 /PRNewswire Interactive News Release/
 -- Virage Inc., (Nasdaq:   VRGE) a leading provider of software and services
 that enable video for strategic online applications, announced today an
 agreement with The Economist to provide a global syndication and distribution
 infrastructure for Economist.tv, the new television and broadband service from
 The Economist. Virage will provide Economist.tv with the software, services
 and infrastructure required to build a sophisticated video distribution
 management system for the syndication of on-demand broadband programming via
 the Internet.
     Economist.tv offers 5-minute video clips that follow the same unique style
 of The Economist magazine, offering clear reporting and commentary on world
 politics, business, finance and culture. Using the Virage SmartEncode(TM)
 process, this content will be indexed to provide a video database that can be
 automatically published and searched on demand. The Virage Syndication
 Manager(TM) and the Virage Video Application Server(TM) will then be used to
 manage and distribute Economist.tv's wide range of content to third-party
 affiliate sites worldwide, securely and efficiently. These sites will be able
 to search and access information from a video database archive, then select
 and view relevant video clips.
     Tony Wales, director of Economist.tv comments, "Virage has a proven track
 record with distribution and syndication of rich media and its online video
 infrastructure is the ideal platform for syndicating Economist.tv video
 content on the Net. With the Virage platform, we can offer syndication with
 better access and improved distribution of high quality content, while
 retaining complete control and protecting our rights."
     "We're obviously delighted to be working with a world-class media brand
 such as The Economist," said Mark Rattley, VP and General Manager for Virage
 Europe. "With such information-rich and compelling content, our services will
 assist Economist.tv to create a revenue-driven business model through the
 distribution of their video on the Internet."
 
     About Virage Syndication Manager
     Built on Virage's versatile Internet Video Application Platform,
 Syndication Manager(TM) 2.0 is a complete system for flexible, secure and
 controlled distribution of video on the Internet. The application allows
 companies to share video assets with authorized partners while retaining
 complete control over content. Virage Syndication Manager allows a content
 owner to classify content into packages, assign unique business rules to any
 number of distribution affiliates and track usage patterns. This content is
 selected by the owner and delivered automatically in any number of formats and
 bitrates to their affiliates, acting as an end-to-end solution for any
 company's online video content syndication needs. Syndicated video content can
 be easily and quickly incorporated into any company's website in a way that
 integrates seamlessly with branding, design and existing applications.
 Syndication Manager is used by such organizations as ABC News, BMG, CNET
 Networks, C-SPAN and The Economist.
 
     About The Economist
     The Economist is a weekly international news and business publication
 offering clear reporting, commentary and analysis on world politics, business,
 finance, science, technology, culture, society, media and the arts. With a
 weekly readership of more than 3 million in more than 180 countries, The
 Economist has a unique relationship with its audience of the world's
 decision-makers and opinion-formers. It is supported by a network of
 correspondents and intelligence that makes it one of the most influential and
 respected publications in the world. Economist.tv is the new broadband service
 from The Economist. For further information please visit www.economist.tv .
 
     About Virage
     Headquartered in San Mateo, California, Virage is the leading provider of
 solutions that enable video for strategic online applications. The Virage
 Internet Video Application Platform transforms video into an effective online
 medium that is easy to publish, manage and distribute on the Internet or
 corporate intranets. The Virage platform provides content owners with the
 complete infrastructure for seamlessly integrating streaming video into
 business, entertainment and information applications. From ABC to Yahoo! over
 250 customers across a broad range of markets have turned to Virage to help
 them improve production efficiencies and create new revenue opportunities with
 video. For further information please visit Virage at www.virage.com
 
     This press release contains "forward looking" statements about the
 products and services of Virage and Economist.tv, as that term is used in
 Section 21E of the Securities Exchange Act of 1934. Forward looking statements
 are denoted by such words as "will provide", "will be used," "will assist,"
 and similar terms and phrases. These types of statements address matters that
 are subject to risks and uncertainties which could cause actual results to
 differ materially. In addition, our forward-looking statements should be
 considered in the context of other risk factors discussed in our filings with
 the Securities and Exchange Commission, including our Registration Statement
 on Form S-1, as amended, available online at http://www.sec.gov. All forward
 looking statements are based on information available to the company on the
 date hereof, and the company assumes no obligation to update such statements.
     NOTE:  Virage and VideoLogger are registered trademarks and the Virage
 logo, Virage Application Server and SmartEncode are trademarks of Virage, Inc.
 Other company product and service names may be trademarks or service marks of
 others, and are hereby acknowledged.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X76904512
 
 SOURCE  Virage Inc.