Remember the video-on-demand service MovieBeam that offered set-top boxes that tickle-downloaded movies to your living room using a niche in public broadcasting airwaves? While the service would only have offered a comparatively small, slowly-rotating series of movies, the service was launched with development from Disney, Cisco, and Intel, ran less than $10 a month, and for a time was a much-watched technology.
Well, in early 2007 MovieBeam was bought by video rental chain Movie Gallery, which itself declared Chapter 11 bankruptcy by the end of 2007. Now, word comes via Variety that MovieBeam’s assets have been acquired by the Indian conglomerate The Valueable Group for an undisclosed amount.
