First Trade Date for USA Networks, Inc.
|Company Name||First Trade Date (yyyy-mm-dd)|
|USA Networks, Inc.||1993-01-19 or 1993-06-18|
|USA Networks, Inc.||USAI|
|History and Business of Company|
(this information may include date of incorporation)
Founded in 1986, USA Networks, Inc. (USAI) operates diversified media and electronic commerce businesses and controls a cluster of related businesses.|
Principal areas of business include: Cable and Studios, which operates the USA Network and Sci-Fi Channel cable networks and Studios USA, which produces and distributes television programming; Emerging Networks, which owns and operates television stations; Filmed Entertainment, which primarily represents the company's domestic theatrical film distribution and production businesses. Electronic Retailing, consisting of the Home Shopping Network and America's Store, HSN International and HSN Interactive, including HSN.com. Ticketing Operations, which primarily represents Ticketmaster, the leading provider of automated ticketing services in the U.S., and its Ticketmaster.com online ticketing service; Hotel Reservations Network, a consolidator of hotel rooms for resale in the consumer market; Precision Response Corp., a provider of outsourced customer care for Businesses; and local city guide business; Electronic Commerce & Services, USAI's e-commerce business; Citysearch, an online network of locally oriented services; and Styleclick, a facilitator of e-commerce websites.
USAI operates two domestic 24-hour cable television networks -- USA Network and Sci-Fi Channel. Both networks are distributed in all 50 states and Puerto Rico via satellite for distribution by cable television systems and direct broadcast satellite systems and for satellite antenna owners by means of satellite transponders owned and leased by the company. USAI also produces and distributes television programs and motion picture films intended for initial exhibition on TV and home video in both domestic and international markets.
Home Shopping Network and America's Store sell consumer goods and services by means of live, customer-interactive electronic retail sales programs which are transmitted via satellite to cable television systems, affiliated broadcast television stations and satellite dish receivers. As of Dec. 31, 2000, Home Shopping Network was available in some 76.7 million unduplicated households, including 65.6 million cable households.
Ticketmaster is the leading provider of automated ticketing services in the U.S. with over 6,200 domestic clients, including many of the country's foremost entertainment facilities, promoters and professional sports franchises.
In July 2001, USAI agreed to acquire a controlling interest in Expedia, Inc., a leading provider of online travel services for leisure and small business travelers.
INCORPORATED in Delaware July 28, 1986, as Silver King Broadcasting Co., Inc. Name changed to HSN Communications, Inc. June 6, 1989; to Silver King Communications, Inc. Aug. 25, 1992; to HSN, Inc. Dec. 20, 1996; and to USA Networks, Inc. Feb. 12, 1998. December 20, 1996, acquired an 80.1% equity interest in Home Shopping Network, Inc. in exchange for 24,665,651 Common shares and 7,809,111 Cl. B Common shares. OFFICE- 152 West 57th St., New York, NY, USA 10019 (Tel.: 212-314-7300). Fax - 212-314-7399. WEBSITE-http://www.usanetwork.com.
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