FilmOn TV Networks CEO Alki David has announced the acquisition of Transactional Video on Demand (TVOD) provider CinemaNow from Regent Equity Partners.
CinemaNow was founded in 1999 by a group that initially included Cisco and Microsoft and was a pioneer in the field of what is now the $2 billion TVOD business. It offers over 55,000 premium movies and television episodes with approximately 150 new items added each week.
Currently, CinemaNow offers Oscar nominees Inside Out, The Martian, Straight Outta Compton, blockbusters such as Jurassic World, Furious 7 and many hit TV shows. It is available on Roku, Play Station, Xbox, Apple iOS, Samsung and many others.
“We are very excited about the addition of CinemaNow,” comments FilmOn TV Networks CEO Alki David. “Our goal has always been to advance legal access to great content for the benefit of the consumer. Now we’re working with all the major studios and broadcasters to build the future of entertainment together.”