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EMC Corporation Message Board

  • zahnd9898 zahnd9898 Nov 19, 2009 10:48 AM Flag

    EMC+ Sonic Solutions

    Sonic the partner of choice! (SNIC)
    Best Buy Co. said Tuesday it will soon offer an online movie store that will compete with Apple Inc.'s iTunes, thanks to a licensing deal with Sonic Solutions Inc.

    The Roxio CinemaNow system from Novato-based Sonic will be installed on a number of devices sold by Minnesota-based Best Buy, including televisions, computers and mobile phones. The system will come on devices made by Panasonic Corp., Toshiba Corp., Sony Corp. and a number of other manufacturers.

    The movies and TV shows customers buy or rent will be stored "in the cloud" on central servers rather than on the devices themselves, allowing them to be viewed on any device.

    "Our relationship with Sonic Solutions allows Best Buy to quickly establish a strong position in the digital delivery of video entertainment," Brian Dunn, chief executive of Best Buy (NYSE:BBY), said in a statement.

    Sonic acquired online movie distributor CinemaNow last year from investors that included Cisco Systems Inc. (NASDAQ:CSCO). It was, founded in 1999 and endorsed by major Hollywood studios as a legal alternative to illegal movie downloading , but never caught on.

    The Best Buy deal is the latest in a transition of movie and TV distribution over the Internet that is led by Apple's (NASDAQ:AAPL) iTunes service.

    Best Buy and Netflix Inc. (NASDAQ:NFLX) last month announced a deal to stream the Los Gatos-based company's movie library to the retailer's Insignia-branded Blu-ray disc players.

    Blockbuster also is partnering with Sonic (NASDAQ:SNIC) to bring movie streaming of its catalog on DVRs made by Alviso-based TiVo Inc. (NASDAQ:TIVO), as well as on high-definition TVs and Blu-ray players from Samsung.

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    • Those the shares are nothing to the over all share count. SNIC will be soon in the double digits you might want to look before opening your mouth next time.

    • Satan here...

      "Item 3.02. Unregistered Sales of Equity Securities.
      On October 29, 2009, Sonic Solutions (the "Company") issued a warrant to purchase 668,711 shares of its common stock to a third party in consideration of one hundred thousand dollars ($100,000) and in connection with the entry of the Company and the third party into a strategic relationship agreement. Under the terms of the warrant, which vests over a two year period, the holder is entitled to purchase shares of the Company's common stock at $4.98 per share (the closing price of the Company's common stock on the date of the warrant's issuance). The warrants were issued pursuant to an exemption under Section 4(2) of the Securities Act of 1933, as amended."

      Hey pumper, nice try.

    • SAN DIEGO and NOVATO, Calif., Nov. 19 /PRNewswire/ -- Iomega, an EMC company (NYSE: EMC - News) and a global leader in data protection, and Sonic Solutions┬« (Nasdaq: SNIC - News) today announced a relationship that will allow consumers to buy or rent premium entertainment to watch on their televisions without leaving the comfort of their livingroom.
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      Just in time for the holidays, upcoming U.S. models in Iomega's award-winning ScreenPlay(TM) HD Media Player line will incorporate the Roxio CinemaNow(TM) entertainment platform, giving consumers instant access to buy or rent movies and other premium content via the Internet to watch on standard and high definition televisions.*

      "Iomega's award-winning ScreenPlay products make it easy for consumers to access video, photos, and music on home networks and enjoy that content on the television in the livingroom," said Jonathan Huberman, president of Iomega and the Consumer and Small Business Products Division of EMC. "With Roxio CinemaNow, consumers will be able to access premium content directly from Iomega's ScreenPlay HD Media devices. Now U.S. consumers can rent or buy movies over the Internet without needing their computer or ever leaving the livingroom. We are pleased to partner with Sonic Solutions to add this functionality to our industry leading ScreenPlay line up and further differentiate our products from others in the marketplace."

      Mark Ely, executive vice president of strategy, Sonic Solutions, said, "Iomega's ScreenPlay HD products are an ideal solution for consumers looking to simply and conveniently access and enjoy personal digital media as well as their favorite entertainment. By partnering with Iomega we are helping form another seamless link between premium digital content and consumers' entertainment venue of choice, the livingroom."

      Roxio CinemaNow

      The Roxio CinemaNow entertainment platform serves a broad range of premium content to a growing, multi-manufacturer ecosystem of home and mobile electronics including PCs, connected TVs, set-top DVRs, Blu-ray Disc players, smart phones, and mobile media devices. The platform enables retailers and consumer electronics companies to participate in the entertainment supply chain, add value to product offerings and form ongoing relationships with customers. Roxio CinemaNow powered stores enable consumers to instantly rent and purchase high-quality entertainment on their favorite device and, through CinemaNow online movie storage, the flexibility to playback content ordered on additional consumer electronics devices.

    • Satan here...

      Bet you have your MBA from Olin. Too bad you can't cut and paste on the snic bord.

      Guess you missed that class at Olin?

 
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