Business Services Industry
Warner Bros and CinemaNow sign movie download agreement
Internet Business News, Sept 13, 2002
INTERNET BUSINESS NEWS-(C)1995-2002 M2 COMMUNICATIONS LTD
Warner Brothers has signed an agreement to provide movies for online download to CinemaNow.
The service will allow users to download films from the back catalogue for USD3 and recent films for USD4. Once downloaded the movies can be stored for up to 30 days or 12 hours from when they are first watched. After this period the movies will reportedly self destruct.
CinemaNow and Warner Bros will split the proceeds and CinemaNow is reportedly hoping that the deal will encourage other companies to follow suit, breaking the monopoly of rival MovieLink.
The service is only available to broadband customers.
((Comments on this story may be sent to info@m2.com))
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