Blu-ray Only to release classics on BD for under $12
[Thanks, xdragon]
Posts with tag sale
In its latest financial results, DTS announced that it has completed the sale of its Digital Cinema business to Beaufort California, Inc. The move netted what to us seems like a small sum for such a well-known brand: $3.3 million, with a potential of $11.7 million more over the next few years. Taken together with the sale of its Digital Images business (image enhancement and restoration) to Reliance Big Entertainment last month, the company is dedicating itself to its consumer lines. The company CEO noted the growth potential in optical media for both standalone players and gaming consoles, and this move is pretty telling of how conventional movie houses are faring with respect to home theaters in the marketplace. Obviously, the DTS moniker will not disappear from cinemas. Our home audio has never been envious of the local cineplex setup, so we're looking forward to hearing whatever audio wizardry the brains at DTS cook up for our home rigs!
iProvo, the largest municipally owned fiber-to-the-premises network in the entire United States, has just been sold to Broadweave Networks. The Provo, Utah-based network actually reaches all 36,000 residents and businesses of the city, and manages to connect homes, businesses, government buildings, schools and even traffic signals. The sale price was $40.6 million, which is plenty to retire the outstanding bonds incurred by Provo to build the system. The City itself seems quite pleased, as it gains the advantage of the sale and it continues to enjoy the benefits of the infrastructure. Under the agreement, Broadweave will act as the network owner and service provider, while Provo retains a license to keep on using the fiber as it has in the past. Best of all, the new owner has already promised to "invest heavily in network upgrades in order to increase capacity, features, and performance for commercial customers," though we aren't sure if that means more HD content is on the way.
Don't peek -- which would you think is cheaper? A fiber-to-the-premises network touching 36,000 residents and businesses, or a 12-year old television channel? If you guessed the latter, you'd be badly mistaken. While iProvo was sold for a mere $40.6 million, Rainbow Media, the cable programming subsidiary of Cablevision, had to cough up nearly half a billion dollars ($496 million, to be precise) in order to claim the Sundance Channel as its own. Yes, the Sundance Channel. Richard Greenfield, an analyst with Pali Research, seems to think that Cablevision may try to combine its newest acquisition with Independent Film Channel, which just so happens to have a high-def counterpart. Of course, it's hard to say what will happen with it so soon after the buy, but if the sale ends up creating another (or more widespread) HD channel, we're all for it.



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