MediaNet Digital Providing Digital Entertainment Platform for International Retailer Tesco
A premier music and video destination with DRM-free downloads
NEW YORK (June 16, 2008) - MediaNet Digital, the world’s leading digital entertainment services provider, today announced a partnership with Tesco, one of the world’s most successful international retailers. MediaNet is enabling Tesco’s online entertainment offering, Tesco Digital (www.tescodigital.com).
MediaNet is powering Tesco Digital with the underlying technology and audio and video content including 3.7 million audio tracks. Based on the Company’s proprietary technology platform, MediaNet is enabling the Tesco Digital offering with a download store, allowing users to access music and video collections both on PCs and portable devices, as well as more than 2.4 million DRM-free downloads in the MP3 format. Currently the service features audio tracks in both the Windows Media and MP3 formats, with downloadable television and feature films to be added soon.
Alan McGlade, President and CEO of MediaNet Digital, commented: “MediaNet’s platform was built for partners to create a digital entertainment experience that best suits their businesses and ultimately their customers. Our aim is to help Tesco Digital deliver the right mix of content and ease of use for their customer base.”
Graham Harris, Commercial Director at Tesco comments: “The new Tesco Digital site is more than a music download portal – we wanted to create an exciting and easy-to-use entertainment shop that Tesco customers of all ages and technical ability can use and trust. We’re starting out with a comprehensive music offering, but customers can expect downloadable TV and films as well as games to buy very soon. MediaNet’s fully customized service, comprehensive media library as well as their knowledge and experience have helped us to achieve our goals.”
About MediaNet Digital
MediaNet Digital is the world’s leading provider of business-to-business digital entertainment services. The Company offers the content and white-label technologies used to create music and video download and subscription services for world-class consumer brands. MediaNet is wholly-owned by Baker Capital, a New York-based private equity firm with $1.5 billion under management. MediaNet was the 2006 winner of Deloitte & Touche USA’s prestigious Deloitte New York Technology Fast 50 Award. MediaNet is headquartered in New York and has offices in Seattle and London. For more information about MediaNet, please visit www.medianetdigital.com.
Tesco is Britain’s favourite retailer, welcoming more than 15 million customers through our doors each week. The group trades through four traditional formats in the UK, Tesco Express convenience stores, Tesco Metro city-centre supermarkets, Tesco Superstores and Tesco Extra stores. We also have Britain’s biggest and only profitable online grocery retailer in Tesco.com, recently complemented by the Tesco Direct online non-food channel.
Tesco employs 270,000 people in the UK and more than 400,000 throughout the world. Outside the UK, Tesco has stores in 12 countries, including the recent launch of the Fresh & Easy format in the United States.