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MovieBeam to Offer Online HD Movie Rentals

MovieBeam to Offer Online HD Movie Rentals

Last year, the Disney-founded MovieBeam digital movie rental service looked dead before ever having hit the market. Disney took a $24 million write-down on the effort, and rumor was to expect a whole lot of nothing from the effort. But last month, Disney, Intel, Cisco, and VC firms injected over $48 million into the operation, and, suddenly, MovieBeam is ready to go: MovieBeam announced today that it plans to begin offering first-run films from six of the seven major movie studios in standard digital video format

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