CinemaNow

CinemaNow, LLC
Privately held
Industry Video on demand
Founded 1999 (1999)
Founder Curt Marvis and Bruce Eisen
Headquarters Los Angeles, California, USA
Area served
 US, Canada and United Kingdom
Services Video content delivery
Number of employees
 120
Parent FilmOn
Website cinemanow.com

CinemaNow is an international over-the-top (OTT) provider of on-demand Internet streaming media available to viewers in the United States, Canada and the United Kingdom. The company was founded in 1999 and is headquartered in Los Angeles, California.[1]

Products and services

The CinemaNow platform is available on the web, on mobile devices running iOS and Android, the Xbox and PlayStation game consoles and CE devices including Samsung, LG, Panasonic and Toshiba.[2][3] Videos from CinemaNow are available for electronic sell-through via Download To Own, in the home video release window, DVD burning, as well as rental time-limited viewing in the pay-per-view window.[4] As of 2016 the company had 55,000 movies and TV episodes in its library.[5]

History

CinemaNow was founded in 1999 as one of the first on-demand Internet streaming media platforms. The Company was backed by Menlo Ventures, Index Holdings, Cisco Systems, Microsoft, Lionsgate and EchoStar.[6][7]

In November 2008, Sonic Solutions acquired CinemaNow.[8] In January 2009, Sonic and Blockbuster, Inc. announced a strategic alliance to provide digital content delivery under the Blockbuster brand, essentially merging the digital storefronts of CinemaNow and its erstwhile competitor in 2007.

In 2010, Sonic Solutions and Best Buy announced a strategic alliance which resulted in Best Buy acquiring the CinemaNow brand.[9][10] Sonic Solutions rebranded the CinemaNow movie technology as RoxioNow which became a white label movie store business.[11]

Sonic Solutions was acquired by Rovi Corporation for $775 million in December 2010[12] and continued to operate the white label movie store business which was renamed the Rovi Entertainment Store.[13][14]

In July 2013 Rovi announced that the Rovi Entertainment Store was acquired by Reliance Majestic Holdings LLC a new media company backed by Proveho Capital, a private equity firm based in Austin, Texas.[15][16] In July 2014, Best Buy sold the CinemaNow business to the private equity firm Regent Equity Partners.

By January 2016, Regent Equity Partners had sold CinemaNow to the UK-based company FilmOn.[5]

See also

References

  1. ↑ "Retail: CinemaNow, Inc.". BusinessWeek. June 16, 2009. Archived from the original on June 16, 2009.
  2. ↑ Raby, Mark (May 16, 2012). "CinemaNow app comes to Xbox Live". SlashGear. Archived from the original on April 23, 2016. Retrieved August 14, 2014.
  3. ↑ Takahashi, Dean (November 3, 2009). "Cinema Now movies-on-demand service to be built into Best Buy's web-connected gadgets". VentureBeat.com. Archived from the original on March 4, 2016. Retrieved May 17, 2016.
  4. ↑ Lawler, Richard (December 20, 2012). "Best Buy's CinemaNow opens home disc-to-digital program, makes cloud copies of DVDs for a fee". Engadget. Archived from the original on December 24, 2012. Retrieved August 14, 2014.
  5. 1 2 Spangler, Todd (January 27, 2016). "FilmOn Buys CinemaNow Movie, TV Digital Storefront". Variety. Archived from the original on February 14, 2016. Retrieved May 17, 2016.
  6. ↑ Marshall, Matt (July 12, 2006). "CinemaNow lands $20 million, to keep up with everyone else". VentureBeat.com. Archived from the original on March 4, 2016. Retrieved May 17, 2016.
  7. ↑ "CinemaNow Secures $20.3 Million Investment" (Press release). CinemaNow via vFinance.com. n.d. Archived from the original on May 9, 2015.
  8. ↑ Albrecht, Chris (November 19, 2008). "Sonic Solutions to Buy CinemaNow". Gigaom. Archived from the original on March 5, 2016. Retrieved May 17, 2016.
  9. ↑ Fritz, Ben (May 18, 2010). "Best option: Best Buy acquires CinemaNow name for its digital video offering". Los Angeles Times. Archived from the original on May 10, 2015. Retrieved May 17, 2016.
  10. ↑ Russell, Terrence (April 17, 2009). "Best Buy breaking into movie downloads?". VentureBeat.com. Archived from the original on March 4, 2016.
  11. ↑ Takahashi, Dean (January 4, 2010). "Sonic Solutions to launch richer version of CinemaNow movie service". VentureBeat.com. Archived from the original on March 4, 2016. Retrieved May 17, 2016.
  12. ↑ "Rovi to Buy Sonic Solutions for $775 Million to Add Streaming to Listings". Bloomberg L.P. December 23, 2010. Archived from the original on May 17, 2016. Retrieved May 17, 2016.
  13. ↑ Spangler, Todd (September 25, 2013). "Target Opens Digital Video Store, Designed to Shield Kids from R-Rated Content". Variety. Archived from the original on March 4, 2016. Retrieved May 17, 2016.
  14. ↑ "Rovi Announces Intent to Pursue Sale of Rovi Entertainment Store Business and Narrows Estimates Range for Fiscal 2012" (Press release). Rovi via Globe Newswire. January 3, 2013. Archived from the original on March 5, 2016. Retrieved May 17, 2016.
  15. ↑ "Rovi Corporation Reports Second Quarter 2013 Financial Performance Announces Agreements to Sell Rovi Entertainment Store and Consumer Website Businesses" (Press release). Rovi via MarketWatch. July 31, 2013. Archived from the original on March 4, 2016. Retrieved May 17, 2016.
  16. ↑ Pringle, Sarah (November 6, 2013). "DivX likely to draw interest from strategics". The Deal. Archived from the original on July 17, 2015.

External links


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