Digital Trends
Movie fans have long known there’s nothing like the big screen experience—now, if rental chain Blockbuster has its way, a whole new generation will get to know and love the small screen experience of watching movies on mobile phones: the company today announced a partnership with phone maker Motorola to feature an exclusive Blockbuster OnDemand application on selected next-generation mobile phones, letting users have on-the-fly access to Blockbuster’s OnDemand mobile library.
Three executives of Taiwanese electronics company BenQ were arrested under allegations of insider stock trading involving the timing of stock sales and announcements of losses incurred by the now-defunct BenQ Mobile. Two of the executives were released on on bails of NT$5 million and NT$2 million (about $150,000 and $60,000 U.S. dollars) respectively, while the third, BenQ’s chief financial officer Eric Yu, was refused bail and remained in custody early Thursday.
The allegations stem from allegations that BenQ executives sold shares of the company stock just prior to announcing significant losses incurred by BenQ Mobile, the mobile phone business BenQ acquired from Siemens AG in 2005. BenQ Mobile’s share price plummeted after the announcement.
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