NEW YORK - Verizon FiOS TV and consumer broadband customers will soon have easy access to premium user-generated video content from Revver (www.revver.com), the first marketplace for viral videos. Revver content will launch on Verizon's Surround broadband entertainment portal by the end of the first quarter and on FiOS TV later this year, and it will be free to Verzion FiOS TV and broadband subscribers.
Verizon customers will now be able to stream premium Revver videos whether they're in their living rooms, on their computers or on the go. Through a separate agreement, Verizon Wireless already makes Revver videos available to Verizon Wireless customers with V CAST-enabled handsets.
"We're joining with Revver to bring the user-generated video phenomenon to the TV set," said Marilyn O'Connell, Verizon senior vice president of video solutions. "Backed by Verizon's technology, we'll make it easy for our FiOS TV and broadband customers to enjoy the best of the cutting-edge videos that Revver is known for. This is just another way that FiOS continues to distinguish itself from old-fashioned TV."
Said Steven Starr, founder and chief executive officer of Revver: "Revver prides itself on attracting the very best digital video creators who are producing entertainment for the Internet today. This initiative will help us further support our creators by bringing their content to a whole new TV audience. It's a fantastic opportunity for our company and the growing Revver community."
Verizon is providing FiOS services on the nation's most advanced digital all-fiber optic network. Verizon will deliver selected Revver videos and other Internet video content to the TV sets of FiOS TV customers as part of its next-generation FiOS TV service. At the heart of the system, which was unveiled during the 2007 Consumer Electronics Show, is a new interactive media guide that will make watching FiOS TV easier and better than ever. With the new guide, available later this year, customers will be able to control and manage a vast array of digital content including television programming, movies, Internet video, games, music and photos.
Verizon FiOS TV and broadband subscribers, including both FiOS Internet and Verizon High Speed Internet customers, will have access to some of the best content from a variety of Revver's video creators. The content will be chosen from categories on Revver.com such as Editor's Picks, Viral Video Classics, Extreme Sports, Laughs, Animation and Cute Overdose. Revver will provide the best user-generated video clips daily to Verizon.
In addition, when users access other videos of interest on Verizon's Surround broadband entertainment portal, they will be presented with related content from Revver. For example, when a customer browses through movie downloads, the service will display Revver videos that relate to those movies. Similarly, someone watching sports, accessing games or listening to music will see Revver videos related to that content.
Revver, the first online video service to compensate users for sharing content online by splitting net revenue 50/50, does not accept copyright-infringing content. In keeping with its overall mission, Revver now will share revenue with users who have agreed to allow their content to be featured via Verizon FiOS TV and broadband services.
Revver is the first online service that allows digital video creators to share and monetize their content across multiple distribution channels: broadband, mobile and broadcast. When submitting videos to Revver.com, users can automatically share them online and also opt into mobile and broadcast distribution. On the Internet, Revver matches each video with relevant advertising, encourages video sharing and then uses its proprietary technology to track videos as they are viewed. Regardless of the distribution channel, Revver always rewards users with a percentage of the revenue generated, creating a virtual marketplace for digital video. Revver also vigorously upholds creators' rights by individually screening each video submitted and not accepting copyright-infringing content. For more information, visit www.revver.com.
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit www.verizon.com.