Cable movie network and online film distribution pioneer Starz Entertainment is in the hunt for a telecom partner to help it expand its online film service. But this latest twist entails the wider distribution of content that Starz owns by virtue of its acquisition of animation and action film company IDT Entertainment.
Starz parent company Liberty Media announced yesterday that it has a deal to purchase IDT Entertainment for $186 million plus debt assumption. The acquisition of IDT Entertainment will give Starz the ability and rights to experiment with online distribution programming that it doesn’t have with its existing web-based service, Vongo.
“With the acquisition of IDT Entertainment, we can experiment with all kinds of releases, so maybe it makes sense to release in home video, theaters and online all at once,” [spokesman Tom] Southwick said.
Cynthia Brumfield at 8:29 AM|Comments(0)
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