POMPANO BEACH, FL – May 2007 – Onstream Media Corporation, a leading online service provider of live and on-demand, digital media communications and applications, today announced it has signed an agreement to provide a full suite of digital media services to help power Bonnier Corporation’s new social networking and online community-building initiative for all of its leading magazine brands such as: Parenting, Babytalk, Popular Science, Field & Stream, Outdoor Life, SHOT Business, Yachting, Motor Boating, Salt Water Sportsman, SKI, Skiing, TransWorld SKATEboarding, TransWorld SNOWboarding, TransWorld SURF, TransWorld Motocross, TransWorld Ride BMX, QUAD: Off Road Magazine, TransWorld Business, Saveur, Spa, Islands, Destination Weddings & Honeymoons, Garden Design, Home Miami, Home Fort Lauderdale, Caribbean Travel & Life, Cruising World, Sailing World, Power Cruising, Florida Travel & Life, Resorts & Great Hotels, Boating Life, WaterSki, Sport Fishing, Sport Diver, Fly Fishing in Salt Waters, Kite Boarding, Marlin, Wind Surfing and Wake Boarding.
Under the agreement, Onstream Media will leverage its industry-leading Digital Media Services Platform (DMSP) to provide turnkey, user generated video processing, storage, streaming and professional services for more than 40 Bonnier magazine brands that will be grouped by consumer interest into multiple social network sites.
“As an early pioneer and constant innovator in the video publishing industry, it was not difficult for us to see how Onstream Media could immediately help us extend the value of our brands online,” said Mike Staley, online director for Bonnier Corporation. “Onstream Media’s advanced, user generated video technologies and their team’s commitment to a rapid deployment fit right in with our digital media strategy and business needs.”
"Onstream Media continues to build momentum. The various leading digital media capabilities and technology we’ve developed over the years and continue to develop today is paving the way for future growth for many companies like Bonnier Corporation. It’s incredibly satisfying to know we’re not just another piece of technology, but a true business partner and growth driver for many organizations moving forward,” said Randy Selman, president and chief executive officer, Onstream Media. “We’re excited to be working with a recognized industry leader in Bonnier and look forward to delivering a best-in-class solution that will enable Bonnier to continue to meet their short- and long-term business goals.”