Tuesday, November 18, 2008

Sonic to Acquire CinemaNow for Online Movie Service

Sonic Solutions, which supplies digital media software for burning DVDs, agreed to acquire CinemaNow, a privately held online entertainment provider based in Marina Del Rey, California. Financial terms were not disclosed.

CinemaNow offers a library of over 6,000 Hollywood movies, TV shows and music videos to users across multiple platforms. The company has relationships with more than 250 content providers, including all major Hollywood studios, and supplies premium entertainment services to a host of PC and consumer electronics device manufacturers such as Dell, HP, Samsung, TiVo, DivX, and ARCHOS.

Sonic and CinemaNow recently announced a collaboration to enable the download and burn of DVD movies by integrating CinemaNow's content delivery system into new "Qflix" DVD drives. Qflix drives have recently become available from a number of companies including Dell, Pioneer and Plextor.

"The digital delivery of premium content is at a tipping point," said Dave Habiger, president and CEO, Sonic Solutions. "By providing consumers and OEMs user-friendly content services and software that works across multiple platforms, we will make it possible for any device or PC manufacturer to add an online movie store of Hollywood hits to its products."http://www.cinemanow.comhttp://www.sonic.com/