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ASCENT ENTERTAINMENT
GROUP INC.
1225 17TH STREET
SUITE 1800
DENVER, CO 80202
(303) 308 - 7000 |
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ASCENT ENTERTAINMENT GROUP, INC.
operates diversified media and entertainment production and distribution
businesses characterized by well-known franchises. The Company conducts its
business in two reportable segments, Multimedia Distribution and Network
Services.
1. Multimedia Distribution
In the Company's Multimedia Distribution segment, the
Company's approximately 57% owned publicly traded subsidiary, On Command
Corporation (OCC), is the leading provider (by number of hotel rooms served) of
in-room on-demand video entertainment and information services to the domestic
lodging industry. OCC provides in-room video entertainment and information
services on three technology platforms:
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The recently developed OCX video system. The OCX video
system provides enhanced multimedia applications for movies and games,
TV-based Internet with a wireless keyboard and other guest services.
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The On Command Video (OCV) System. The OCV System is a
patented video selection and distribution technology platform that allows
hotel guests to select at any time movies and games through the television
sets in their hotel rooms. There are variations of the SpectraVision Video
Systems still installed in hotels including tape based scheduled and on-demand
systems.
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The SpectraVision systems. The SpectraVision Video System
generally offers fewer movie choices than the OCV or OCX systems.
OCC primarily provides its services under long-term contracts
to hotel chains, hotel management companies, and individually owned and
franchised hotel properties, predominantly in the deluxe, luxury, and upscale
hotel categories serving business travelers, such as Marriott, Hilton, Hyatt,
Wyndham, Starwood, Doubletree, Fairmont, Embassy Suites, Four Seasons, and other
select hotels.
2. Network Services.
The Company's Network Services segment is comprised of the
Company's Ascent Network Services (ANS) division. ANS is the primary provider of
satellite distribution support services that link the National Broadcasting
Company (NBC) television network with 181 of its affiliated stations nationwide.
ANS principally operates a nationwide network for satellite distribution of
NBC's national television programming to the majority of NBC's affiliate
stations nationwide, as well as an installation, field service and maintenance
support business relating to such network. ANS also provides satellite
distribution field service and maintenance support for networks operated by
other customers.
ANS has operated its satellite distribution network for NBC since 1984 under the
NBC Agreement, a 10-year agreement that was extended in 1994 through the end of
1999. On August 1, 1999, the Company completed negotiations and entered into a
three-year extension through the end of 2002 of the NBC Agreement, under which
Ascent provides satellite service, maintenance and support of NBC's national
television network.
The Company’s executive offices are located at 1225 17th Street, Suite 1800,
Denver, Colorado. The Common Stock is traded on The NASDAQ Stock Market under
the symbol "GOAL".
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