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Associated Press REDMOND, Wash. (AP) Microsoft Corp. is taking a $56 million minority stake in Intertainer Inc., a company that streams video on demand through high-speed Internet connections. Microsoft will receive four seats on Intertainer's board, joining investors that include NBC, U S West and Comcast. Other terms were not disclosed. Last June Intertainer announced that it would support Microsoft's TV platform initiative, which the software giant hopes will create a Microsoft-based standard for interactive television. ``We have worked with Microsoft for months to port our content over to their television platform,'' said Jonathan Taplin, president and co-chief executive of Intertainer. ``We believe this is a natural fit for our two companies. The Culver City, Calif.-based Intertainer has more than 50,000 programs available to Internet users via high-speed Internet links such as digital subscriber lines or cable lines. The privately held company's videos can be accessed via personal computer or set-top boxes.
For its part, the Redmond-based Microsoft receives a showcase of
its television platform and additional interactive content for its
own set-top boxes.
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