Apr 3, 2006SAN DIEGO AND LOS ANGELES
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that MediaFLOTM USA Inc., a wholly owned subsidiary of Qualcomm, and Network LIVE, a joint venture between AOL, XM Satellite Radio and AEG, have signed a multi-year commercial agreement to provide Network LIVE content and programming for MediaFLO USA's wireless multimedia service offering.
Network LIVE will develop and distribute programming, including live and prerecorded concerts, with a blend of established and breakthrough artists, interviews with musical performers, comedy performances and other special events, via MediaFLO USA, making Network LIVE content available to MediaFLO USA wireless operator partners. Network LIVE content is captured in high-definition and Dolby 5.1 surround sound. With this agreement in place, Network LIVE has extended its reach as the first worldwide horizontal network, committed to delivering live programming across all major entertainment consumption platforms in the United States including Internet, radio, television and mobile phones.
In addition to deploying and operating a nationwide media delivery network, MediaFLO USA is aggregating wireless multimedia content for service delivery on the network. Leveraging the multicasting capabilities of MediaFLO USA's service, wireless operators can provide this high-quality multimedia content - such as live performances by superstar, platinum and breakthrough artists from Network LIVE - to millions of subscribers across the United States at the same time.
“In today's digital culture, entertainment consumption knows no boundaries. Consumers want their content when, how and where they want it,” said Kevin Wall, CEO of Network LIVE. “The MediaFLO USA service provides a complete solution for bringing our popular multimedia programs to wireless subscribers and entertainment fans, expanding our reach in the United States beyond the Internet, radio and television. With this announcement, Network LIVE is providing the entertainment industry with multiple interactive connections with consumers, while in turn giving music and entertainment fans a whole new way of experiencing their favorite artists and events.”
“MediaFLO USA is pleased to announce our relationship with Network LIVE as we take a big step forward in bringing wireless subscribers exciting, high-quality entertainment on their handsets. MediaFLO USA is committed to ensuring our wireless operator partners have a wide range of content options to offer their subscribers and Network LIVE helps us fulfill that promise,” said Gina Lombardi, president of MediaFLO USA. “Whether it's a sold-out concert by a world-class performer or a stand-up comedy routine in an exclusive club, everyone who enjoys live entertainment will benefit from the Network LIVE content that will be available through MediaFLO USA services.”
Launched in July 2005, Network LIVE is a privately held, joint venture between AOL, XM Satellite Radio and AEG. As the No. 1 provider of live digital entertainment, Network LIVE is committed to redefining the creation and distribution of live content in the digital age. Its best-in-class, multi-partner network provides unprecedented reach for live offerings through broadband, satellite radio, satellite television, digital movie theatres and mobile phones throughout the United States and the world. Network LIVE combines the energy and urgency of the live moment with a level of access to live entertainment that can only be delivered to audiences across an on-demand digital network.
MediaFLO USA Inc. is a wholly owned subsidiary of Qualcomm Incorporated that will offer interactive wireless multimedia services to consumers in cooperation with U.S. wireless operators. MediaFLO USA's nationwide network, based on FLO™ technology, will deliver high-quality video and audio programming to third-generation (3G) mobile phones. MediaFLO USA is working with leading content providers to aggregate and mobilize compelling programs and services to create new market opportunities for the entire wireless value chain and deliver on the promise of wireless multimedia.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA, FLO technology and the MediaFLO USA Inc. network are deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 25, 2005, and most recent Form 10-Q.