Lycos to invest in Streambox for Media Search; Korean site to team with leading search portal. - Free Online Library
Summary
The Korean broadband market is growing at a phenomenal rate -- adding 230,000 users, or 27 percent growth in March 2000. "We believe that Streambox Media Search will provide a better broadband entertainment and information experience to our customers," said Moon-Soul Chung, CEO of Lycos Korea. "Bob Hildeman, CEO, Streambox US, applauded the deal, saying, "The Korean market is far ahead of the US in broadband usage, with 60% higher penetration. Streambox also extends its technology to a family of innovative broadband audio and video software for PCs, Internet appliances & other devices. The combined technologies allow Streambox customers and partners to implement the fastest-growing segment of the Internet: streaming entertainment and information.
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