IBEAM Broadcasting Corporation

iBEAM Broadcasting Corporation, (NASDAQ: IBEM) offered streaming media distribution, revenue–producing applications and interactive Webcasting services to major entertainment and enterprise customers. iBEAM's On–Target ad insertion technology and Activecast interactive Webcasting capabilities created value for companies who used streaming media. By January 2001, iBEAM was delivering 100 million streams per month across its network of high-performance servers located in more than 210 networks around the world, connected by satellite, and augmented with fiber optic cable. At that time, iBEAM's customer list included more than 460 companies, including media and entertainment leaders Disney, Paramount Pictures, MTVi, Sony Music Entertainment, IBM/Lotus, Bristol-Myers Squibb, Merrill Lynch and LAUNCH.com. iBEAM's technologies were founded in 1998 by Navin Chaddha and Nils Lahr while the business was incubated by CrossPoint Ventures.
As the first global streaming media network...