Pioneering Download Site CinemaNow: Worth Just $3
Million

post from CinemaTech on 02 December 2008 04:36:00 AM. © CinemaTech

(Of course I didn't abandon my beloved CinemaTech... just took a long Thanksgiving vacation.)

Feels important to note that earlier this month, the pioneering digital download site CinemaNow was sold for a piddling $3 million to Sonic Solutions, a company that makes DVD-burning software. Founded in 1999 (before Movielink, and way before iTunes), CinemaNow had raised more than $30 million. Lionsgate Entertainment had been the main investor in the company, which offered rentals, downloads, and also the ability to burn some movies to a DVD.

Earlier this year, Curt Marvis, the long-time head of CinemaNow, shifted over to a digital media gig at Lionsgate.

Here's the official press release.

Read The Full Article:
http://cinematech.blogspot.com/2008/12/pioneering-download-site-cinemanow.html