The agreement combines INTERVU’s streaming media capabilities with Wave’s
secure commerce systems. Financial arrangements were not disclosed.
“While the Internet has been about getting things for free, it has to change
if companies are truly going to invest in the medium and push it to the next
level,” said Shailendra Jain, vice president of Wave’s New Media Services
“our partnership with INTERVU is a crucial step forward in adding
secure, easy-to-use commerce tools to take
providing content on the Internet to the next level of profitability beyond
sponsorships and banner ads.”
INTERVU uses a scaleable, patented network of distributed servers to stream
live and on-demand audio and video content. Wave’s commerce system supports
modes of payment such as pay-per-view, pay-per-subscription, a back office
transaction clearing house
and a customer account management system using an online wallet.
The wallet includes features such as aggregated billing, online reporting and
buy,” which make it easier for consumers to purchase digital media on demand
and manage their accounts online.
“Our new alliance with Wave offers content providers a tightly coupled
streaming e-commerce solution that has the power to drive new sources of
revenue based on a secure, high quality experience,” said Ed Huguez, chief
operating officer of INTERVU.
Initial customers for the service include Kanakaris Communications, a provider of direct
over-the-Internet entertainment content that plans to build pay-per-view
models around its entertainment content.