Indian Conglomerate Gobbles Up MovieBeam
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Remember the video-on-demand service MovieBeam that offered set-top boxes that tickle-downloaded movies to your living room using a niche in public broadcasting airwaves? While the service would only have offered a comparatively small, slowly-rotating series of movies, the service was launched with development from Disney, Cisco, and Intel, ran less than $10 a month, and for a time was a much-watched technology.
Well, in early 2007 MovieBeam was bought by video rental chain Movie Gallery, which itself declared Chapter 11 bankruptcy by the end of 2007. Now, word comes via
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