USDTV closes; Moviebeam sold

April 2007
CED;Apr2007, Vol. 33 Issue 4, p12
Trade Publication
The article reports on the business closure of USDTV and the relaunching of MovieBeam in the U.S. It is asserted that the USDTV close down is due to a major investor pull out because of a financial setback in another business. Although it did not mention the investor by name, yet NexGen Telecom LLC picked up its assets. In April 2006, Disney Co. relaunched MovieBeam in 29 large markets and offered some titles in the high definition television format.


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