Big Surprise: Disney’s MovieBeam Service Finally Sold
MovieBeam, the one time high-profile Disney spin off was bought by Movie Gallery for $10 million dollars. MovieBeam re-launched last year with nearly $50 million in funding and the rumor was that they spent many millions more on the now defunct project. You have to ask yourself why any company would want to spend $10 million dollars to acquire the assets of a company that has no revenue and no customers. Apparently, Movie Gallery bought the technology so they can develop a movie delivery service of their own.
Say what now? Your going to replicate a service that has already been proven to be one that consumers don’t want? Am I the only one who thinks many of the companies out there today are not looking at mistakes made in the past? The history of the Internet can and does teach us many valuable lessons, if we are willing to learn from them. All that matters is what customers adopt and are willing to buy. The technology behind the service means nothing if it’s not adopted, as was evident from the MovieBeam service.