AfterDawn: Tech news

Fox abandons Movies.com venture

Written by Petteri Pyyny (Google+) @ 29 Apr 2002 11:09

According to Reuters, Fox Entertainment has decided to pull away from its joint online video venture, Movies.com, which it was planning with Walt Disney. Yet again studios fail to see the fact that users would pay, if the content would be available.
Fox says that its decision was made "after considering the potential regulatory process and logistical issues and carefully examining technological and marketplace developments."

Disney is now left all alone with its Movies.com site and company declined to comment will it carry on with its plan to start delivering movies to online users. Five other major Hollywood studios have announced that they will go ahead with their online venture, dubbed as MovieLink.

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