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"This is a landmark development in the evolution of home entertainment. Allowing
consumers to download and own movies digitally via their broadband internet connections
gives them more power to be entertained when and how they choose," said Feingold. SPHE's
digital sell-through business will commence with an initial slate of 75 titles
that will include such films as Memoirs of a Geisha, Spider-Man 2, Taxi Driver,
Barbershop, and Hitch. Dirty will be SPHE's first day-and-date
title when it debuts on 4 April. The hit comedy Fun With Dick and Jane
will release day-and-date on 11 April. In
addition to offering new release titles day-and-date with DVD, SPHE will release
additional titles from SPHE and MGM's library monthly. The combined Sony Pictures
and MGM libraries of more than 7,500 titles are believed to be the largest, most
digitized collection in the business. Feingold
added, "We at Sony Pictures have been a leader in providing entertainment
to the public on the most cutting-edge digital delivery platforms including DVDs,
UMDs, Digital Media Cards for mobile phones and digital distribution over the
Internet. And we will soon be delivering movies to people on high definition Blu-ray
Discs." "Our
goal is to continue to provide engaging entertainment content in the most innovative,
convenient and secure manner possible. This partnership with Movielink and CinemaNow
is just the first step in a bright future for digital delivery that will only
serve to complement our packaged media sales business," Feingold said. "We
are pleased to offer consumers a new option in movie ownership. Together with
day-and-date release along with DVDs, digital delivery provides the convenience,
flexibility and quality that movie fans have been asking for. Movielink has carved
out a position in the broadband market of being the place to come for high quality
long form entertainment, and this new consumer option continues to differentiate
our service from other forms of VOD," said Movielink CEO Jim Ramo. "Launching
our download-to-own business with Sony Pictures Home Entertainment marks the tipping
point which we've been waiting for. CinemaNow has always believed that the ability
to sell studio movies at the same time they are released for home video would
be the catalyst for explosive growth in our industry. Now our customers can download
and own the movies they want, when they want, with the convenience of on-demand
access," said CinemaNow CEO Curt Marvis. |