Tags: US | TEC | TechBit | Best | Buy | CinemaNow

Best Buy's Internet Video Service Ready to Debut

Tuesday, 18 May 2010 06:48 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Best Buy Co. is about to give its customers one less reason to buy DVDs.

The largest U.S. consumer electronics retailer said Tuesday that it will start renting and selling the latest video releases over high-speed Internet connections by the end of this month. It will compete against an array of other similar services offered by Wal-Mart Stores, Amazon.com Inc., Netflix Inc., Apple Inc. and Blockbuster Inc.

Best Buy began working on the digital delivery system late last year as part of a partnership with Sonic Solutions.

The service will bear the CinemaNow brand, which Best Buy bought from Sonic Solutions for an undisclosed amount. Sonic Solutions will provide the technology for piping the video to buyers.

Best Buy eventually intends to reach all the Web-connected devices sold through its more than 1,000 stores. For starters, it will be available on some Blu-ray players made by LG Electronics and some home theater packages sold by Best Buy. Next in line: Samsung's Internet-ready Blu-ray players and TVS.

Rentals are expected to cost about $4 per title, while consumers who want to own will pay about $15. CinemaNow will have all the latest studio releases on the same day Best Buy and other retailers start selling them on DVDs and Blu-ray discs.

Although it plans to heavily promote the convenience of digital delivery, Best Buy isn't expecting Internet video to surpass DVD sales right away.

That's because most consumers still aren't ready to make the leap to the new technology, said Ryan Pirozzi, Best Buy's director of digital video. He predicted it will be 2012, at the earliest, before the Internet video service gains enough traction to encourage Best Buy to begin phasing out DVDs in its stores.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

China Launches Experimental Moon Orbiter

Friday, 24 Oct 2014 06:41 AM

China launched an experimental spacecraft on Friday to fly around the moon and back to Earth in preparation for the coun . . .

Australian Doctors Transplant 'dead' Hearts in Surgical Breakthrough

Friday, 24 Oct 2014 06:40 AM

Australian surgeons said Friday they have used hearts which had stopped beating in successful transplants, in what they  . . .

Former Rep. Walker: Climate Change More Politics Than Science

Thursday, 23 Oct 2014 15:42 PM

The issue of man-made climate change has become more of a political matter than a scientific one, former Pennsylvania Re . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved