CinemaNow is sold to Sonic
Will be combined with Qflix teamNEW YORK -- Digital media software maker Sonic Solutions has agreed to acquire privately held online movie and video service CinemaNow.
The companies didn't disclose a price tag, but rival Movielink last year went to Blockbuster for $7 million.
In the past, CinemaNow had received investments from Lionsgate, EchoStar/Dish, Cisco Systems and Menlo Ventures, among others.
CinemaNow will be combined with Sonic's Qflix team to form a new premium content group, led by Sonic executive vp strategy Mark Ely. The firms have worked together to offer download and burn options of DVD movies via Sonic's Qflix DVD drives.
CinemaNow offers more than 6,000 movies, TV shows and music videos across multiple platforms. The Marina Del Rey, Calif.-based company has relationships with more than 250 content providers, including all the Hollywood majors. It supplies premium entertainment services to such computer and consumer electronics device giants as Dell, HP, Samsung and TiVo.
"The combination ... promises to fulfill CinemaNow's original mission -- giving consumers easy access to the best of Hollywood from their PCs, TVs, mobile phones or anywhere in their digital ecosystems," CinemaNow president and COO David Cook said.
The companies said they expect the acquisition to close shortly.