CEO Out at ClickStar12 Mar, 2007 By: Erik Gruenwedel
ClickStar Inc., the broadband movie download company backed by Intel Corp. and founded by Morgan Freeman's Revelations Entertainment, has parted with its interim CEO James Ackerman.
ClickStar chairman Lori McCreary (Freeman's partner at Revelations) will replace Ackerman, who was instrumental in securing content agreements with Sony Pictures Home Entertainment, Universal Studios Home Entertainment and Warner Bros. Home Entertainment to distribute feature-length movies online at cstar.com.
A spokesperson for ClickStar said the move was expected, hence Ackerman's interim title.
The nascent service made news last December by pledging to circumvent DVD distribution and offer movies online two weeks after their theatrical release, beginning with Freeman's independent film, 10 items or Less.
Other content includes Jersey Docs, a documentary films channel from Danny DeVito, Peter Bogdanovich's Golden Age of Movies and Freeman's Our Space channel.
Download prices range from $1.99 to $19.99, with 10 Items available for $24.99.
The service's second exclusive movie release, Lonely Hearts, which stars John Travolta, Salma Hayek and James Gandolfini, is slated for download April 27 following its theatrical release April 13.