Global Crossing Ltd (NYSE: GX) and VDI Multimedia (Nasdaq: VDIM) announced the establishment of a strategic alliance wherein both companies will co-market next generation broadband services to the media and entertainment industry. Global Crossing's seamless fiber-optic network spans 101,000 miles, connecting five continents and 200 cities. This network will provide the infrastructure for VDI MultiMedia's digital video and film asset management solutions for major entertainment studios, advertising agencies and corporations. In partnership, the companies will provide customers with the bandwidth and services to seamlessly create, collaborate and connect in a fully secure, digital environment.
VDI MultiMedia provides digitized video and film asset management services to the entertainment, media and advertising industries as well as corporate customers. The company offers all of the services necessary to edit, master, reformat, digitize, archive, and distribute its clients' film and video content, including commercials, feature films, movie trailers electronic press kits, infomercials, and syndicated programs.
The alliance with VDI MultiMedia follows Global Crossing's announcement last week to roll out a service and solutions offering that will enable the Media and Entertainment industries to communicate and collaborate over the company's global broadband infrastructure. This includes the development in 2001 of a global media & entertainment extranet, enabling industry participants to exchange digital content over a secure, high-speed broadband connection. The extranet will connect geographically dispersed media facilities via the broadband exchange of TV-quality video, CD-quality audio, live event broadcasting, feature films and commercial production and on-demand applications.
Global Crossing will be demonstrating live, high-definition broadcast over OC-12 connectivity between Las Vegas and London at the NAB show in Global Crossing's booth at E3850 in the E-TOPIA hall at Sands Expo.
About Global Crossing:
Global Crossing Ltd. provides integrated telecommunications solutions over a global IP-based fiber-optic network. For more information, visit www.globalcrossing.com or www.asiaglobalcrossing.com.
About VDI MultiMedia:
VDI MultiMedia services the postproduction and broadcast distribution needs of entertainment studios, advertising agencies, corporations and independent producers. For more information, visit www.vdimultimedia.com.