On2.com Acquires Content Provider, QuickBand Networks

On2.com (http://www.on2.com) announced today that it was acquiring QuickBand Networks, an L.A.-based aggregator of broadband content.

Terms of the transaction were not disclosed.

QuickBand acquires short-subject independent films and music-related content, as well as footage of celebrity interviews, concerts and events, and repackages them for broadband distribution over the Internet.

"Acquiring QuickBand furthers our strategy to showcase superior entertainment content to broadband consumers using On2 technology," said Dan Miller, On2.com Founder, President and CEO. "Most importantly, the acquisition of QuickBand's technical production facilities, coupled with its national retail consumer network, will allow us to more rapidly extend the reach of our technology to end-users."

On2.com recently launched its broadband entertainment site, On2Movies.com (http://www.on2movies.com). In 2000, the On2Network will expand to include destinations devoted to subjects such as music, travel, games, and sports.