Live and on-demand concerts and comedy shows will serve as the foundation of a new America Online Inc.-backed joint venture announced Tuesday for delivering entertainment via the Internet, satellite, wireless and other platforms.
The formation of the company, Network Live, follows AOL’s success in delivering seven separate feeds from the July 2 Live 8 concerts – all without any meltdowns common with early high-interest events online. Some 5 million people viewed the shows online, and AOL broke its own records with a peak of 175,000 simultaneous users.
Kevin Wall, who oversaw production of the Live 8 video broadcasts for AOL and other outlets worldwide, will serve as chief executive of the joint venture involving AOL, XM Satellite Radio Holdings Inc. and Anschutz Corp.’s AEG unit, which owns sports and entertainment arenas and produces concerts and other shows.
“We’re creating the network of the future, being able to access entertainment digital content anytime, anywhere on any particular device,” Wall said.
Source: pollstar.com
