Speak now
Please Wait Image Converting Into Text...
Embark on a journey of knowledge! Take the quiz and earn valuable credits.
Challenge yourself and boost your learning! Start the quiz now to earn credits.
Unlock your potential! Begin the quiz, answer questions, and accumulate credits along the way.
Computing Miscellaneous in Computing . 2 months ago
Digital Entertainment Network (often abbreviated as DEN and stylized as > e n™̣) was a multimedia dot-com company founded in the late-1990s by Marc Collins-Rector and his partner, Chad Shackley. Rector and Shackley had sold their ISP, Concentric Network, and used the proceeds of that sale, along with additional investor funding, to launch DEN. In February 1999, Jim Ritts resigned as commissioner of the LPGA to become chairman of DEN.
DEN's goal was to deliver original episodic video content over the Internet aimed at niche audiences. DEN was one of a crop of dot-com startups that focused on the creation and delivery of original video content online in the late 1990s prior to wide adoption of broadband internet access.
In May 1999, DEN announced that their business model had earned them $26 million USD in investments from Microsoft, Dell, Chase Capital Partners, and others. In September 1999, Microsoft announced that DEN was one of their partners in the Windows Media Broadband Jumpstart initiative, focusing on the creation of video and audio entertainment for the Windows Media format for high-speed connections. By 1999, the company was reportedly valued at $58,500,000 USD and included former Walt Disney Television President David Neuman, Garth Ancier, David Geffen, Gary Goddard, and Bryan Singer as investors.
DEN was slated for a $75 million USD IPO in October 1999 but the IPO was withdrawn in the wake of allegations of sexual assault against Collins-Rector, Shackley, and fellow executive Brock Pierce. All three executives subsequently resigned. Layoffs followed in February 2000. While a new executive team led by former Capitol Records President Gary Gersh and former Microsoft executive Greg Carpenter tried to salvage the company and relaunch in May 2000, DEN filed for bankruptcy and shut down in June 2000.
Posted on 21 Oct 2024, this text provides information on Computing related to Miscellaneous in Computing. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Turn Your Knowledge into Earnings.
Answers
No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
Ready to take your education and career to the next level? Register today and join our growing community of learners and professionals.