Foreign Films On-Demand? Memocast says “Oui Oui”

emocast, a popular online portal for foreign language films, today unveiled the latest example of its use of technology by giving an exclusive group of testers a first look at the newly enhanced Memocast.com website as it furthers its commitment to build communities through foreign films and entertainment. The new Memocast.com will allow users to personalize their favorite content as well as watch and share the shows, movies, and shorts with other foreign film lovers anytime and anywhere they want.
Memocast 2.0 features include:

* iPod integration
* Streams to cell phones and PDAs
* Customizable playlists
* High-Definition (HD) resolution
* Subtitles

Memocast 2.0 is launching amidst negotiations with angel investors and venture capitalists for second-round funding.

Quotes:
Elaine Olshantesky, director of marketing for Memocast:
"iPod and cell phone integration caters to our 'how I want it, when I want it' generation. Technology enables us to obliterate global barriers that hindered connectivity before. We want Anastasia to be able to watch her favorite Russian movie with her American husband Bill who doesn't speak a word of Russian."

Michael Arrington, editor for TechCrunch:
"With all the buzz surrounding sites catering to Hollywood, it's easy to miss a company like Memocast, but if it raises the money to rapidly grow the business, this is a company and a space that bears watching over the coming months."

Market Facts and Relevant Links

TechCrunch's post about Memocast

MSNBC/Newsweek article: The Fertile Time for Foreign Films

Company Info
Memocast, Inc. is the premiere online destination for streaming and downloading foreign movies, music videos, TV series, novellas and documentaries via broadband. Started by first-generation Russian-Americans, the San Francisco based company continues to embrace device integration and expand its unprecedented cache of content to reach foreign communities worldwide.