AOL & XM in deal to form multi-platform digital entertainment company

MUMBAI: In a joint venture that capitalises on the huge potential of multi-platform live entertainment programming, AEG, a world-leading sports and entertainment presenter; America Online, the world's leading interactive services company; and XM Satellite Radio, the provider of satellite radio in the US, have joined with entertainment and technology veteran Kevin Wall to create Network Live, an AEG, AOL, XM company.

Network Live is the first multi-platform digital entertainment company committed to delivering live entertainment programming through the Internet, satellite and other third party global media platforms such as VOD, wireless and HDTV. Wall, who most recently served as Executive Producer of Live 8, is the CEO of the newly formed joint venture, stated an official release.

With a career spanning four decades, Kevin Wall, formerly vice-chairman of iXL Enterprises, has been named to the post of CEO of Network Live. Wall's extensive experience in music promotion and production, live television, the Internet, and venture capital investments in convergence technologies have established him as a visionary who has consistently led the way in discovering new niches in entertainment.

On the heels of the impressive broadcasts of Live 8 by AOL and XM, and building on the success of the popular AOL Music LIVE! series, Network Live will produce a slate of live programming focusing on music and comedy performances - many originating from AEG owned or operated venues worldwide, such as STAPLES Center, adds the release.

The programming will be promoted to AOL's claimed web audience of more than 100 million and to more than 4.4 million XM Satellite Radio subscribers. The company will also leverage the expertise of AEG's live entertainment division, AEG LIVE, one of the world's leading concert promoters. Network Live programming will add to AOL and XM's own popular original franchises, such as AOL Music Sessions, which has featured many top recording artists, and XM's Artist Confidential and Then...Again...Live!

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