DEN meaning in Computing ?

tuteeHUB earn credit +10 pts

Answer:

What is Digital Entertainment Network mean?

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DEN was slated for a $75 million USD IPO in October 1999 but the IPO was withdrawn in the wake of allegations of sexual assault against Collins-Rector, Shackley, and fellow executive Brock Pierce.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.

reference

Report

Posted on 04 Nov 2024, this text provides information on Miscellaneous in Computing related to 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.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Computing
webstory list tuteehub
Miscellaneous in Computing


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Important Computing Links

open app imageOPEN APP