INTERNET BOOKSELLER AMAZON.COM ANNOUNCES ACQUISITION OF UNITED KINGDOM COMPANY THE INTERNET MOVIE DATABASE LTD.
Seattle - Amazon.com, Inc. (Nasdaq: AMZN), has announced the acquisition of the U.K.-based company Internet Movie Database, Ltd. (www.IMDb.com), the Web's most comprehensive source for movie and movie-related information. Amazon.com expects IMDb to support its eventual entry into online video sales.
"Ever since I first visited IMDb's site, I've been simply amazed by the quality and depth of their content," said Jeffrey P. Bezos, Amazon.com founder and CEO. "With Amazon.com's support and resources, IMDb will be able to significantly expand the services and information they provide movie enthusiasts throughout the world."
"Everyone at IMDb is excited about becoming a part of Amazon.com," said Colin Needham, IMDb Managing Director. "Because of their passion for books, the Amazon.com team understands and fully supports IMDb's mission of providing the best possible information to movie lovers."
Originally created as a set of text-based FAQ lists for the newsgroup rec.arts.movies in 1990, the Internet Movie Database is today a comprehensive repository for movie and television information on the Internet. The site includes exhaustive cast and crew listings, reviews, goofs, and links to official and unofficial movie-related sites. Launched on the Web in September 1993, the IMDb became a commercial site in 1996 and has since maintained its leadership as the preeminent movie reference site.
Amazon.com, Inc., Earth's Biggest Bookstore, is the largest online retailer of books. Amazon.com offers a catalog of more than 3 million book, music, and other titles, plus easy-to-use search and browse features, e-mail services, personalised shopping services, secure Web-based credit card payment, and direct shipping to customers. Amazon.com has virtually unlimited online shelf space and offers customers a vast selection through an efficient search-and-retrieval interface, as well as streamlined ordering through 1-Click(SM) technology. Amazon.com pioneered the concept of syndicated selling on the Internet and has more than 40,000 members in its Associates Program including AOL.com, Yahoo!, Netscape, Excite, the AltaVista Search Service, the @Home Network, the Prodigy Shopping Network, and iVillage.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Amazon.com's limited operating history, the unpredictability of its future revenues, and risks associated with capacity constraints, management of growth, and new business opportunities. More information about factors that potentially could affect Amazon.com's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 1997, filed with the Securities and Exchange Commission.
Amazon.com, Earth's Biggest Bookstore, and 1-Click are service marks of Amazon.com, Inc. All other names are trademarks of their respective owners.
SOURCE Internet Movie Database
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