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eBay's Half.com Teams with buy.com Creating Internet Movie & CD Powerhouse

Old 10-30-00, 01:55 PM
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The following crossed the wires this morning. Comments?

eBay's Half.com Teams with buy.com Creating Internet Movie & CD Powerhouse

MONDAY, OCTOBER 30, 2000 8:15:00 AM EST

PLYMOUTH MEETING, Pa. and ALISO VIEJO, Calif., Oct 30, 2000 /PRNewswire via COMTEX/ -- Half.com, an eBay company (Nasdaq: EBAY), and buy.com (Nasdaq: BUYX), today announced a strategic alliance whereby every CD, DVD, and VHS listing from Half.com will be available for sale on the buy.com site through the first-ever co-branded "Entertainment Marketplace." Additionally, buy.com consumers will be able to sell CDs, DVDs, and movies they no longer use through this Marketplace. Half.com will also promote buy.com as a featured seller of new products throughout its site. The co-branded marketplace is expected to launch in Q1 of 2001.

This alliance creates the Internet's broadest integrated selection of CDs, DVDs, and videos, offering buy.com customers the choice to buy new, buy used, or sell their CDs & movies online. This partnership combines two of the top ten shopping sites on the Internet, according to PCData Online, September 2000.

"This agreement is significant for both companies because it represents a way for us to use the power of our virtual operating models and offer our customers a wide variety of top brands at great prices. Offering consumers more options to choose from the largest selection on the Internet with tremendous value is at the core of what we deliver to our customers day-in-and-day-out," said Greg Hawkins, Chairman and CEO of buy.com.

"Half.com provides consumers a place to buy used items for a fixed price in an easy-to-use storefront environment. The simplicity of our buying experience has made Half.com one of the fastest growing sites on the Internet, and has consequently brought tremendous success to our sellers," said Joshua Kopelman, president and founder of Half.com. "This alliance opens up a new channel of millions of prospective buyers for both companies."

The used Marketplace will be featured in the buy.com partner center, with Half.com's selection of used CDs, DVDs and movies from its thousands of sellers integrated into buy.com's product information pages. The items from Half.com are purchased using a credit card and are backed by a buyer protection guarantee. buy.com consumers will also have the ability to list items for sale with as few as 15 keystrokes, with items appearing on both Half.com and buy.com's sites.

NOTE: Snipped company boiler plate info.

-thanador
Old 10-30-00, 03:33 PM
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wow. It could be bad because more people will become aware of the deals, making it harder for you to find good prices before someone else does. On the other hand, if lots of people from buy.com end up using half.com to sell stuff, that might drive prices down due to multiple copies of the same releases being put up for sale.
Old 10-30-00, 04:20 PM
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Remember when Half.com wasn't alligned with ANY Nazis? Now they're with Buy.com AND Ebay...there goes any possible redeeming features that Half.com may have had left.

Hopefully someone else will start a company like Half.com USED to be.

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