Dallas, TX, August 22, 2005 --(PR.com
)-- Nubastream, LLC announced today that it has completed development of the first network to stream full-screen, high definition quality video over the internet. The technology, dubbed S-HD (Streaming High Definition), will allow its members to watch their favorite television programs, sports, news, movies, and more at the push of a button.
According to a report published by Informa Telecoms & Media, global broadband subscribers will surpass 190 million this year, reaching 440 million by the end of 2010. And as DSL technology continues to strengthen its lead over cable based subscriptions with an anticipated 77% of the worldwide broadband market in 2010, so too does the desire for millions to pick news, entertainment, and sports off the web rather than from packages of conventional TV channels offered by a cable, satellite or phone companies.
“People today are looking for more than what’s being offered on TV. Our goal is to offer content that sparks thought, dialogue, and community among our members,” said Matt Brown, Co-Founder of Nubastream.
While in its beta launch, Nubastream is currently seeking additional content for distribution on its site. In an effort to protect copyright licenses of content providers, Nubastream’s technology does not allow video to be retained on the client machine. Sony's Sir Howard Stringer, chairman, said that U.S. film studios alone lost $3 to $4 billion to piracy over the past two years.
The company hopes the product will catapult them past major players such as Blockbuster, Microsoft, and cable companies who have been promising the technology to their subscriber base for years but unable to meet picture quality demands.
Nubastream will host an official launch in October and will adopt a pay-per-view model, as well as the ability to subscribe monthly and annually.
For additional information on Nubastream or for a demonstration, contact Matt Brown or visit nubastream.com.