Recognized for leadership in digital media distribution
NEW YORK--Wednesday April 25 (BUSINESS WIRE)--Pando, a leading peer-to-peer media distribution platform that makes the sharing of downloadable HD media a reality for millions of content owners, today announced that it has been chosen by AlwaysOn as one of the OnHollywood 100 Top Private Companies. The OnHollywood 100 is a power list of the top private emerging technology companies in digital entertainment and media today. Pando was handpicked by the AlwaysOn editorial team based on a set of five criteria--innovation, market potential, customer adoption, media buzz and investor value creation.
Pando and the OnHollywood 100 will be honored at the OnHollywood digital entertainment and media event, May 1-3, 2007, at the Roosevelt Hotel in Hollywood, California. OnHollywood delves into the challenges, opportunities and business models of the digital era, and showcases the most innovative private companies that are changing the way entertainment and media is created, distributed, consumed and monetized.
OnHollywood is an important forum that presents and debates the critical issues surrounding the transformation of the entertainment economy to one based on digital technology," said Tony Perkins, founder and CEO of AlwaysOn. "Digital technology has transformed the way content is created and delivered to consumers everywhere. The OnHollywood Top 100 companies are an elite group of innovators who are using this technology to revolutionize the industry."
The OnHollywood 100 was selected from more than 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts.
Pando's patent-pending hybrid p2p platform includes a free, 3MB desktop application that enables consumers to subscribe to and download hi-resolution, full-screen Internet TV, videos, audio, photos and games via the Web; and easily share those files, or their own, via email, IM or the web.. Pando is available in Windows, Mac and Linux versions. More than 6 million people have downloaded Pando since its public launch in May 2006.
"The Pando platform gives media companies the ability to distribute, track and monetize their HD media assets while unleashing the network effect of the people-powered Internet" said Pando CEO, Robert Levitan. "Pando's rapid growth proves consumer demand. This Always On Hollywood 100 award is a signal to the entertainment industry that now is the time to embrace disruptive technologies and advance their business interests."
A full list of all the OnHollywood 100 companies can be found on the AlwaysOn Web site at: http://alwayson.goingon.com/permalink/post/8389.
About OnHollywood 2007: May 1-3 @ The Hollywood Roosevelt Hotel, Hollywood, California
OnHollywood is where cutting edge technology from the backstreets of Silicon Valley converges with Hollywood's media and entertainment elite. The two-and-a-half day event borrows from the "film market" tradition by providing an open environment for digital media and entertainment entrepreneurs to meet the big-time studio, telco and consumer electronics executives, venture capitalists and media. At OnHollywood, our editors will also honor the OnHollywood 100 Top Private Companies. Fifty of the top CEOs from the OnHollywood 100 will pitch their market strategies to a panel of industry experts in our "CEO Showcase."
About Pando Networks, Inc.
Pando Networks is a leading media distribution platform enabling millions of content owners to easily share hi-res downloadable media via the Web, RSS, Email and IM. Pando's patent-pending hybrid peer-to-peer platform combines commercial-grade content control with the network-effect of consumer "super-distribution". Based in New York, the private Pando Networks is led by CEO Robert Levitan, the co-founder of iVillage. The Company is funded by Intel Capital, BRM Capital and Wheatley Partners. For more--or to start using Pando immediately--please log on to Pando.com.
ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (STANFORD SUMMIT, ALWAYSON HOLLYWOOD, ALWAYSON MEDIA and GOINGGREEN) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
Katherine Foster, 212-741-5106 x 232
Renee Edleman, 212-704-8249
Source: Pando Networks, Inc.