11.21.2008

Online movie site CinemaNow sold for $3 million

Filed under: Video, Web

Long before Hulu, or even YouTube were offering online video, and long before Apple or Amazon were selling digital downloads of TV shows and feature lenght films, there was CinemaNow and MovieLink. The two sites may have been well ahead of their time, but they also never managed to get the kind of attention that newer online video sites have garnered. Last year Blockbuster purchased MovieLink for about $7 million. And this week, software firm Sonic Solutions picked up CinemaNow for just $3 million.

CinemaNow has a library of about 6,000 movies and TV shows. Sonic Solutions hopes to leverage CinemaNow’s technology and assetts to expand its service that allows you to download videos and burn them to DVD.

[via paidContent]

Online movie site CinemaNow sold for $3 million originally appeared on Download Squad on Thu, 20 Nov 2008 18:00:00 EST. Please see our terms for use of feeds.

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