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Even Technologies Announces Deal with IP Media Services, to Launch Online Media Service Using PSI_V Smart Compression

Posted by Sachin Garg on 24th September 2005 | Permanent Link

In a press release, Even Technologies Announces Deal with IP Media Services, to Launch Online Media Service Using PSI_V Smart Compression

The website will use Even’s PSI(TM) video compression to deliver full-screen video entertainment over the Internet. IP Media Services plans to launch this new service in November 2005. The market for these services is estimated by Informa to be USD$10 billion by 2007.

Under the terms of the agreement, Even holds a 25% equity in IP Media Services and will also earn a 10% license royalty on IP Media Services’ gross revenues. The licenses have been granted in four renewable terms of three years.