MovieBeam has been using spare data capacity from public television analog channels to transmit on-demand movies to set-top boxes. Liz Gannes writes:
Well that didn’t work. On-demand movie company MovieBeam, a much-toiled-over Disney spinoff, has been bought by Movie Gallery for less than $10 million. With burnout speed of bubble proportions, MovieBeam had just one year ago relaunched with $48.5 million in recapitalization from major backers after a reported $70 million spent on the project at Disney. ...
Link: NewTeeVee.
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