MovieBeam video service launches nationwide

By John Borland
Staff Writer, CNET News.com

Published: February 13, 2006, 9:00 PM PST

Full story at http://news.com.com/MovieBeam+video+...tag=html.alert


The MovieBeam video-on-demand service tested for several years by Disney in three small markets will be relaunched around the country on Tuesday, with new financial backing from Cisco Systems and Intel.
The service, which uses the wireless television airwaves to send movies to a hard drive in the home, is aimed at high-volume movie renters who want to avoid the hassles of video stores.

At $199 for the set-top box required for the service, plus a set-up fee, plus $3.99 to watch a new release, it's not a cheap proposition. But the newly independent company, now spun off from Disney, has nevertheless sparked interest from investors and big technology companies to the tune of more than $48 million in venture funding.