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EU Approves Disney-Columbia Video-on-Demand Joint Venture

Authored by Mark Hefflinger on November 12, 2004 - 7:20am.
Brussels -- The European Commission on Thursday approved the proposed joint venture between The Walt Disney Company, U.K.-based ON Demand Group and U.S.-based film studios Columbia Pictures to provide video-on-demand services in the U.K. and Ireland. The Commission said the joint venture -- called MovieCo -- would increase competition for BSkyB "to the benefit of cable customers" in both countries. In a statement, the Commission said it had examined the transaction's impact on the competitive structure of the market and concluded that the joint venture would give cable network operators "an alternative to procure video content other than BSkyB", currently the dominant player. ON Demand manages transactional TV services, including the launch and operation of pay-per-view and video-on-demand services.
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tags: Video-on-Demand | EU | Venture | Disney-Columbia |



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