Thursday, August 3, 2000
Walt Disney Internet Group Assumes Complete Ownership Of World's Most Popular Football Site
As contemplated by the original deal, Walt Disney Internet Group (NYSE:DIG) is purchasing the remaining 40 percent of Soccernet (soccernet.com) from Daily Mail and General Trust that it did not purchase in August of 1999.
"This fits in well with our plans to continue to grow ESPN.com globally," said Minard Hamilton, general manager, International, ESPN Internet Group. "We are re-launching the site at the beginning of the Premier League season this fall with more original match coverage and analysis, along with expanded interactive and community features, thus providing football fans the world over with the most compelling experience on the Internet."
Soccernet's London editorial team delivers constantly updated news, views and opinions on all major English, Scottish, European and World league and cup competitions. During Euro 2000, over 1,000 news stories were posted on the site and over 65 million page views were recorded.
Soccernet is part of the Walt Disney Internet Group (NYSE:DIG), which manages some of the Internet's most popular Web sites, including ABC.com, ABCNEWS.com, ABCSports.com, Disney.com, Disneystore.com, DisneyTravel.com, ESPN.com, Family.com, GO.com, Movies.com, Mr. Showbiz, NASCAR Online, NBA.com, NFL.com and Soccernet. The Internet Group also includes The Walt Disney Company's direct marketing business. Steve Bornstein is chairman of Walt Disney Internet Group, which is headquartered in North Hollywood, Calif., with operations in Sunnyvale, Calif.; Seattle; New York; Bristol, Conn.; and London. For more information, visit our web site at www.dig.com.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of risks and uncertainties, and actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, as well as from developments beyond the Company's control including technological, regulatory and economic developments. Any of these factors may adversely affect the financial condition and results of operations of Walt Disney Internet Group.