Dallas
- Video rental giant Blockbuster (NYSE: BBI) announced on Wednesday that it has signed a
multi-year deal with Sonic Solutions (NASD: SNIC), and will supply branded consumer
interfaces for Sonic's CinemaNow Internet-based movie delivery service. The
companies said they are collaborating with a number of consumer electronics
makers to expand the range of devices supporting the Blockbuster-branded, adaptive
streaming and progressive download service, to include PCs, portable media
players, Blu-ray Disc players, digital video recorders, set-top boxes, mobile
phones and Web-connected televisions.
These devices will then be sold through
Blockbuster retail stores, on Blockbuster.com and by other retailers.
"Blockbuster
is a ubiquitous entertainment presence in the physical world," said Blockbuster
chairman and CEO Jim Keyes.
"Through this alliance with Sonic, we plan to
become a ubiquitous presence in the digital world as well. Our goal is to offer
consumers the most digital content, the most accessibility, via the most
devices, both in- and out of home."
CinemaNow was acquired several months
ago by Sonic Solutions for $3 million.
Related Links:
http://snipurl.com/a22ps
http://www.sonic.com
http://www.blockbuster.com
http://www.cinemanow.com
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