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Disney backed MovieBeam video launches - CNet.com

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  • Disney backed MovieBeam video launches - CNet.com

    MovieBeam video service launches nationwide

    By John Borland
    Staff Writer, CNET News.com

    Published: February 13, 2006, 9:00 PM PST

    Full story at http://news.com.com/MovieBeam+video+...tag=html.alert


    The MovieBeam video-on-demand service tested for several years by Disney in three small markets will be relaunched around the country on Tuesday, with new financial backing from Cisco Systems and Intel.
    The service, which uses the wireless television airwaves to send movies to a hard drive in the home, is aimed at high-volume movie renters who want to avoid the hassles of video stores.

    At $199 for the set-top box required for the service, plus a set-up fee, plus $3.99 to watch a new release, it's not a cheap proposition. But the newly independent company, now spun off from Disney, has nevertheless sparked interest from investors and big technology companies to the tune of more than $48 million in venture funding.
    Growing older is manditory
    Growing up is however, optional

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