AOL expands relationship with Videos Now

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America Online and Digital Courier Technologies' Videos Now have expanded their agreement to include the Web site. Last week the two announced a deal in which Digital Courier would pay $12 million for placement on AOL and Digital City. Payment for the extension onto will come from 12% of Digital Courier stock to AOL, plus warrant to purchase additional shares.

Copyright July 1998, Crain Communications Inc.

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