LYCOS and PermissionTV Team up to Bring High Quality Video Platform to the Web, With Look and Feel of TV

LYCOS and PermissionTV Team up to Bring High Quality Video Platform to the Web, With Look and Feel of TV

Gives content providers the ability to create DVD-quality channels with Web interactivity, reaching millions of viewers instantly

WALTHAM, Mass., June 20 /PRNewswire/ -- LYCOS, Inc. (www.lycos.com), an entertainment destination for creators and consumers of quality content, and PermissionTV, a rapidly growing Internet television platform, today announced they will team up to deliver a high quality TV entertainment solution to the nearly 25 million visitors to the LYCOS Network of sites.

LYCOS will use the PermissionTV platform to offer a variety of video programming to the LYCOS audience. The deal reinforces LYCOS's core strategy to provide consumers with quality video programming and entertainment enhanced with the interactivity of the web, and a platform for creators to showcase and market quality content.

"We chose to work with PermissionTV because we considered it to be one of the most powerful broadband TV platforms available today, allowing us to offer high quality video to our end users that is television-centric, while providing our content partners their own customized channels with a completely unique look under the LYCOS brand," said Alfred Tolle, CEO of LYCOS, Inc. "By teaming with PermissionTV, LYCOS is uniquely positioned to become a leader in the television internet space."

LYCOS plans to leverage the PermissionTV platform to acquire a wide range of on-demand content from episodic television, to independent films and programming, to long-form films, providing a totally unique broadband based video experience.

"The combination of LYCOS's reach, and PermissionTV's advanced technology is an attractive proposition for video programmers who want to attract a large audience in the most compelling way," said David Graves, CEO of PermissionTV. "This platform makes it easy to get up and running, allowing content providers to build an audience for their own brands."

For sponsors, the enhanced online programming offers exactly what they have been seeking: the targetability of web advertising with content that fit expectations of traditional TV viewers. With the PermissionTV platform, LYCOS is able to offer media companies and content owners a new distribution channel with subscription, advertising or VOD (video on demand) packaging options. Advertisers get a robust and cost-effective way of reaching potential buyers, while viewers get a controllable on-demand viewing experience that feels like TV.

"The era of merging the interactivity of the Web with traditional broadcast television programming is here," Tolle added. "LYCOS can bring an instant audience, immediate distribution and traffic, and consistently re- engage our users with new content, making this platform particularly attractive to content partners and advertisers alike."

The first programming kicked off June 9 with the launch of LYCOS's behind- the-scenes video coverage of World Cup Soccer, a worldwide sporting event with a fan base in more than 190 countries. For the remainder of World Cup, LYCOS will give an insider's look at World Cup wacky culture, featuring exclusive video from embedded Lycos videographers on the front lines, available only at worldcup.lycos.com and powered by PermissionTV. Additional programming will be launched in the coming weeks, including branded television- and movie- related offerings that lend themselves to mainstream audience demand.

About Lycos, Inc.

Lycos, Inc. (www.lycos.com) is a wholly owned subsidiary of Daum Communications Corp., a leading Internet portal and e-commerce destination in Korea with a growing presence throughout the Asian markets. Lycos, Inc. creates and operates search, community and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com and Angelfire.com. Other Lycos products and sites include Lycos Mail, Lycos Games, Lycos Planet, Lycos Phone and GetRelevant. Lycos was acquired by Korean Daum Communications Corp. in October 2004 and has its U.S. headquarters in Waltham, Massachusetts. Daum Communications Corp. is traded on the KOSDAQ: 035720, www.daum.net.

About PermissionTV

Based in Waltham, Massachusetts, PermissionTV (www.permissiontv.com) is a system for media companies and content owners to distribute high quality television programming via the Internet. Founded by seasoned television, media and technology veterans, PermissionTV is the first solution to combine the high-quality television viewing experience with the interactivity and permission marketing aspects of the Web. For more information on how to develop content for distribution at Lycos, contact Charlie White at PermissionTV, 781-419-9707 or go to www.permissiontv.com.

Lycos(R) is a registered trademark of Lycos, Inc. All other product or service marks mentioned herein are those of Daum Communications Corp., Lycos, Inc. or their respective owners. All rights reserved.

Source: Lycos, Inc.

CONTACT: Kathy O'Reilly of Lycos, Inc., +1-781-370-2853, or
Kathy.O'Reilly@lycos-inc.com; Noelle Guerin of PermissionTV, +1-617-248-0680,
ext. 10, or nguerin@cerconebrown.com

Web site: http://www.lycos.com/
http://www.permissiontv.com/
http://www.daum.net/

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