Feb15
“Back in my day, we had actual video stores.”
on February 15th, 2006 at 1:04 amPosted In: Uncategorized
If this technology actually takes off in the consumer market, the days of trying to locate your video rental card when you are next in line will be numbered.
By Alex Armitage
{Excerpted}
Feb. 14 (Bloomberg) — MovieBeam Inc., backed by Walt Disney Co., is taking on video-rental stores with a system that transmits the latest movies to homes for as little as $1.99 each.
The company begins selling the service today in 29 U.S. cities. Burbank, California-based MovieBeam is charging $199 for a television set-top box that holds 100 films, a startup fee of $30 and $1.99 to $4.99 per rental. The company will add 10 new movies a week to the boxes. All but one major studio is participating. (more…)
