MGM Signs VOD Deal With CinemaNow.com29 Apr, 2003 By: Holly J. Wagner
MGM Home Entertainment will make its movies available by Internet steam and download on CinemaNow.com, the companies announced today.
The studio becomes the fourth major to sign with CinemaNow. Universal Studios, Warner Home Entertainment and 20th Century Fox Home Entertainment have signed on in the last few months.
"After an initial trial with CinemaNow we were able to gain positive and useful insight which helped prepare us for future distribution of our films via the Internet," said David Bishop, president and COO, MGM Home Entertainment Group. "Working with CinemaNow allows us to further pursue these objectives with an experienced leader in this arena."
As part of the agreement, CinemaNow will offer MGM's new release films the same day they become available in their traditional pay-per-view window along with previously released movies from MGM's film library.
Some of the new release titles to be made available include Barbershop starring Ice Cube and Cedric The Entertainer, which is available now; and the action-comedy Bulletproof Monk, which is scheduled for October.
"The past six months have brought much more widespread adoption of broadband access, a remarkable increase in consumer demand for fee-based premier Web content, and significant momentum for our company," said CinemaNow CEO Curt Marvis. "The addition of MGM's high caliber films to our ever-expanding selection of content is great news for movie lovers and underscores the rapid growth of the Internet video-on-demand industry."