ScreamingMedia forms multimedia unit through FasTV deal

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ScreamingMedia, a content network providing syndicated content for corporate, special-interest and vertical Web sites, has formed a multimedia unit to offer rich-media content delivery and syndication to the company's affiliates. ScreamingMedia launched the multimedia unit in conjunction with a deal announced today with FasTV, the Internet's first searchable video destination for consumers, business and media. Under the terms of the deal, FasTV will use ScreamingMedia's services on its site to trigger streaming of content to accompany video clips downloaded by FasTV viewers.

Copyright July 1999, Crain Communications Inc.

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