INTERVU Signs Deal With Wave Systems to Enable Pay-Per-View Streaming Payments

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INTERVU ( http://www.intervu.net) said they are teaming up with Wave Systems Corporation (http://www.wave.com) to enable selling secure digital content.

"While the Internet has been about getting things for free, it has to change if companies are truly going to invest in the medium and push it to the next level," said Shailendra Jain, vice president of Wave's New Media Services Group. "At the end of the day, companies create content to make money -- it's not a hobby. That's why our partnership with INTERVU is a crucial step forward in adding secure, easy-to-use commerce tools to take providing content on the Internet to the next level of profitability beyond sponsorships and banner ads."

Wave commerce system supports modes of payments like pay-per-view, pay-per-subscription, a back office transaction clearing house and a customer account management system using an online wallet.

"INTERVU is committed to delivering value-added services on top of our patented network foundation that enable our customers to build a viable economic business around their audio and video content," said Ed Huguez, chief operating officer of INTERVU. "Our new alliance with Wave offers content providers a tightly coupled streaming e-commerce solution that has the power to drive new sources of revenue based on a secure, high quality experience."

Kanakaris Communications made an announcement today that it has signed up for the Wave payment system. Kanakaris (http://www.kkrs.net) plans to build a pay-per-view movie site. Also announcing support is comedy club owners, Rascals International, which broadcast various comedy archives on the Internet.

INTERVU and Wave are also teaming up to create WebPayPerView.com, which allows high-speed Internet users to view "niche" market content such as boxing, professional Tae Kwon Do, movies, music, live entertainment and other unique events that may not be available through traditional media. WebPayPerView.com will be offering its full-length movies, music, and sporting events on a pay-per-view basis using models such as pricing at a flat rate of $4.99 for a 24-hour "cyberticket."