A premier music and video destination with DRM-free downloads
NEW YORK, June 16 -- MediaNet Digital, the world's leading
digital entertainment services provider, today announced a partnership with
Tesco, one of the world's most successful international retailers. MediaNet
is enabling Tesco's online entertainment offering, Tesco Digital
(http://www.tescodigital.com).
MediaNet is powering Tesco Digital with the underlying technology and
audio and video content including 3.7 million audio tracks. Based on the
Company's proprietary technology platform, MediaNet is enabling the Tesco
Digital offering with a download store, allowing users to access music and
video collections both on PCs and portable devices, as well as more than
2.4 million DRM-free downloads in the MP3 format. Currently the service
features audio tracks in both the Windows Media and MP3 formats, with
downloadable television and feature films to be added soon.
Alan McGlade, President and CEO of MediaNet Digital, commented:
"MediaNet's platform was built for partners to create a digital
entertainment experience that best suits their businesses and ultimately
their customers. Our aim is to help Tesco Digital deliver the right mix of
content and ease of use for their customer base."
Graham Harris, Commercial Director at Tesco comments: "The new Tesco
Digital site is more than a music download portal -- we wanted to create an
exciting and easy-to-use entertainment shop that Tesco customers of all
ages and technical ability can use and trust. We're starting out with a
comprehensive music offering, but customers can expect downloadable TV and
films as well as games to buy very soon. MediaNet's fully customized
service, comprehensive media library as well as their knowledge and
experience have helped us to achieve our goals."
About MediaNet Digital
MediaNet Digital is the world's leading provider of
business-to-business digital entertainment services. The Company offers the
content and white- label technologies used to create music and video
download and subscription services for world-class consumer brands.
MediaNet is wholly-owned by Baker Capital, a New York-based private equity
firm with $1.5 billion under management. MediaNet was the 2006 winner of
Deloitte & Touche USA's prestigious Deloitte New York Technology Fast 50
Award. MediaNet is headquartered in New Yorkand has offices in Seattle and
London. For more information about MediaNet, please visit
http://www.medianetdigital.com.
About Tesco
Tesco is Britain's favourite retailer, welcoming more than 15 million
customers through our doors each week. The group trades through four
traditional formats in the UK, Tesco Express convenience stores, Tesco
Metro city-centre supermarkets, Tesco Superstores and Tesco Extra stores.
We also have Britain's biggest and only profitable online grocery retailer
in Tesco.com, recently complemented by the Tesco Direct online non-food
channel.
Tesco employs 270,000 people in the UK and more than 400,000 throughout
the world. Outside the UK, Tesco has stores in 12 countries, including the
recent launch of the Fresh & Easy format in the United States.
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