Axel Springer Russia launches new Web-TV service for Forbes - Swedish Web-TV company expands in the Russian market

One of Europe's largest publishing companies Axel Springer launches a new Web-TV service in Russia using Picsearch. Picsearch and Axel Springer Russia have entered into an agreement to power video for its different areas of business.

STOCKHOLM, Sweden, November 9, 2009 - One of Europe's largest publishing companies Axel Springer launches a new Web-TV service in Russia using Picsearch. Picsearch and Axel Springer Russia have entered into an agreement to power video for its different areas of business. Mikhail Grozovski, Head of Online Department at Axel Springer Russia said: "Axel Springer aims to be one of the leading publishing houses in the competitive Russian market. We are a young and dynamic company that publishes magazines in different market segments. We make no compromises when it comes to quality and flexibility of our Web-TV services. Picsearch delivered everything we needed and they have an outstanding track-record in our market." Axel Springer is one of Europe's leading multimedia corporations with an integrated offering of print, online and moving image products. The whole Axel Springer group is active in 35 countries with over 10 000 employees. Axel Springer Russia is focused on the Russian market and carries magazines like Forbes, Computer Bild, Newsweek and OK!. The Web-TV service is first going to be used on www.forbesrussia.ru. Robert Risberg, Picsearch's CEO, said "Axel Springer is one of the most well-recognized publishing houses in Europe. We at Picsearch are very pleased to start working with them in the Russian market and are looking forward expanding our cooperation in other markets as well."

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