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Best Buy and Sonic sign CinemaNow deal

Written by Andre Yoskowitz (Google+) @ 03 Nov 2009 12:46 User comments (1)

Best Buy and Sonic sign CinemaNow deal Best Buy and Sonic Solutions, the owner of the popular Roxio CinemaNow movie service have signed a deal today that will see the giant retailer begin selling Sonic's services.
Says the WSJ: "Sonic said in a federal filing it had issued warrants to purchase 668,711 of its common shares for $100,000. The warrants vest over a two-year period and then Best Buy will be able to buy the shares at $4.98."

Best Buy will begin selling devices with CinemaNow in-store, including DVD drives and computers.

"Our relationship with Sonic Solutions allows Best Buy to quickly establish a strong position in the digital delivery of video entertainment,"
adds Best Buy CEO Brian Dunn.

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1 user comment

13.11.2009 22:39

$4-$5 rentals, $20+ to buy...FAIL

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