GoFish and Broadband Enterprises Form Syndication Partnership
GoFish Original Programs to Be Distributed Across Broadband
Enterprises Syndication Platform of 1,800 Sites
SAN FRANCISCO & NEW YORK (Business Wire EON/PRWEB ) May 7, 2007 --
GoFish Corporation (OTCBB:GOFH), the leading Internet Video Network
showcasing original, Made-for-Internet (‘MFI’)
programming, today announced a strategic partnership with Broadband
Enterprises, the world’s premier online video
network. The partnership will enable GoFish to distribute its MFI shows
across Broadband Enterprises’ syndication
network of over 1,800 affiliate Web sites.
In addition to providing distribution services to deliver GoFish’s
video content across the Internet, Broadband Enterprises will be
responsible for the insertion, delivery, serving and tracking of
advertising across these streams. The two companies will collaborate on
the sale of advertising and will share revenues from the video streams
that are delivered across Broadband Enterprise’s
syndication network.
Broadband Enterprises currently delivers targeted ads across more than
800 million video streams per month and has an aggregate audience count
of roughly 40 million monthly unique users, according to comScore Media
Metrix. GoFish and Bolt Media, which are pending merger announced in
February, combined represent the largest independent online video
property on the Internet, according to comScore Media Metrix.
GoFish operates an Internet Video Network that focuses on the
development of a wide variety of original, MFI programming. These
programs incorporate elements of both professionally produced and
user-generated content to create an immersive and highly interactive
user experience. The company intends to introduce new shows every
quarter and has partnered with some of Hollywood’s
leading talent, agencies and management firms for their development.
Peter Guber, chairman and CEO of Mandalay Entertainment Group, is a
member of the GoFish board of directors.
“The explosive growth of online video has
prompted content creators and advertisers to look to this medium as the
next frontier in entertainment,” said Matt
Wasserlauf, CEO of Broadband Enterprises. “Broadband
Enterprises’ distribution and ad serving
capabilities combined with GoFish’s original
video programming create an extremely compelling platform with which to
capitalize on this expansion.”
“We are very excited to announce this
partnership with Broadband Enterprises, which will massively broaden the
reach of our original MFI programming and deliver targeted, editorially
relevant ads across our shows,” said Michael
Downing, founder and CEO of GoFish. “With
these enhanced distribution capabilities and our growing slate of
programs, we are creating one of the most robust online video offerings
available on the Web.”
About GoFish Corporation
GoFish Corporation, (OTCBB:GOFH) headquartered in San Francisco, is a
leading Internet Video Network that, in two years, has grown to deliver
millions of videos per month to a rapidly growing audience of
enthusiasts. The first publicly traded company in the space and a
pioneer in the development of original, Made-for-Internet programming,
GoFish is a destination on the web where millions of people come to
watch, create, upload and share the best in online video entertainment.
For more information about the company, go to www.gofish.com.
About Broadband Enterprises
Founded in 2004, Broadband Enterprises is the premier online video
network. Broadband Enterprises consists of more than 1,700 publishers,
delivering 800 million monthly video streams. Broadband Enterprises
vSyndicate service offers publishers a revenue-generating, full-service,
fully-managed broadband video content and advertising solution. More
information at www.broadbandenterprises.com.
Forward-Looking Statements
This press release contains ‘forward-looking
statements’ within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Although the forward-looking statements
in this release reflect the good faith judgment of management,
forward-looking statements are inherently subject to known and unknown
risks and uncertainties that may cause actual results to be materially
different from those discussed in these forward-looking statements
including, but not limited to, our inability to generate sufficient
operating cash flow from advertising revenue, a reduction in the demand
for user-generated video and related services, a fall-off in search
engine directed traffic to our web site, and general economic
conditions. Readers are urged to carefully review and consider the
various disclosures made by us in the our reports filed with the
Securities and Exchange Commission, including those risks set forth in
the Company’s Annual Report on Form 10-KSB,
filed on April 17, 2007, which attempt to advise interested parties of
the risks and factors that may affect our business, financial condition,
results of operation and cash flows. If one or more of these risks or
uncertainties materialize, or if the underlying assumptions prove
incorrect, our actual results may vary materially from those expected or
projected. Readers are urged not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. We assume no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may arise
after the date of this release.
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