Denver, September 7, 2000 — Qwest Communications International Inc. (NYSE:Q), the broadband Internet communications company, today launched Qwest Digital Media, a subsidiary providing end-to-end digital multimedia services via broadband distribution. Qwest Digital Media is pioneering the storage, management and delivery of digital content, particularly the convergence of traditional and digital media.
Qwest Digital Media is the only company to offer media providers a complete portfolio of managed content services, including webcasting and video on demand. Analysts expect the market for those two services alone to reach $11 billion by 2005.
Leading the company as CEO is David Woodrow, former executive vice president of new business development at Cox Communications Inc. in Atlanta. Woodrow has been with Cox Communications since 1982 in a variety of business development and operations assignments, including cable and broadband communications and dealing with investors. For the past four years, he also served on the on the board of Excite@Home. Woodrow will report to Qwest Chairman and CEO Joseph P. Nacchio.
"David brings seasoned judgment and leadership to a strong Qwest management team as we ramp up delivery of digital multimedia content over our high-speed broadband Internet network," said Nacchio. "Qwest Digital Media provides a critical component of the core infrastructure that will assist us in delivering the promise of any movie, any time in any language, night or day."
"I am delighted to be joining the Qwest team with its reputation for growth, vision and results," said Woodrow. "The potential opportunities in digital media and IP solutions position Qwest ideally for the next decade to deliver media rich content to users worldwide."
Qwest Digital Media, operating as a business unit at Qwest, already has established itself as a leader in the storage and global distribution of entertainment, sports and news content for a roster of customers that includes the major broadcast and cable networks in the U.S., Europe and Asia.
The subsidiary has significant capabilities and assets with more than 560 terabytes of digital content storage and one of the largest existing capacities in Internet-based streaming and hosting. To deliver its services, Qwest Digital Media leverages Qwest CyberCenters and direct connections to the Qwest broadband Internet network. Recent successes include providing the official Webcasts for the Republican National Convention and Democratic National Convention.
Qwest Digital Media will also focus on the burgeoning markets for High Definition Television and Digital Cinema – the digitization, storage and electronic distribution of film content. The potential market for Digital Cinema storage and distribution is projected to approach $7 billion by 2005. Qwest, along with Cisco Systems and Twentieth Century Fox, this summer offered the world’s first digital screening of a major motion picture, Titan A.E., over an Internet-based network, via Qwest's North American network and CyberCenter infrastructure.
Qwest Digital Media's facilities are in Atlanta, Denver, Los Angeles, Nashville, and Washington, D.C. In addition to these production and distribution centers, the company has the most sophisticated mobile production vehicles in the industry.
Qwest will sell Qwest Digital Media's offerings as a complement to Qwest's portfolio of Internet and hosting services. Qwest Digital Media joins a family of Qwest ventures, such as Qwest Cyber.Solutions, the industry's largest enterprise application services provider, formed last year through a joint venture with KPMG.
Qwest Communications International Inc. (NYSE: Q) is a leader in reliable, scalable and secure broadband Internet-based data, voice and image communications for businesses and consumers. The Qwest Macro Capacity® Fiber Network, designed with the newest optical networking equipment for speed and efficiency, spans more than 104,000 miles globally. For more information, please visit the Qwest web site at www.qwest.com.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest and U S WEST, Inc. with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to maintain rights of way, financial risk management and future growth subject to risks, adverse changes in the regulatory or legislative environment, and failure to achieve the synergies and financial results expected from the acquisition of U S WEST. This release may include analysts' estimates and other information prepared by third parties, for which Qwest assumes no responsibility. Qwest undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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