Devine Ent inks deal with NetMovies Inc.


MUMBAI: Devine Entertainment Corporation, seeking to capitalize on the burgeoning global demand for high quality film and television content, announced an expansion for the future distribution of its acclaimed core library of family films under a new non-exclusive agreement with NetMovies Inc., a Boston-based company that will make Devine’s film content available for sale and download directly on demand to consumers via the Internet.


 


Under the license agreement, NetMovies will distribute Devine’s award-winning entertainment library of historical family films as NetMovies rolls out its proprietary secure Downstreaming Network online distribution technology. Devine’s film and television content library includes the Company’s acclaimed franchises The Artists’ Specials, The Inventors’ Specials and The Composers’ Specials.


 


NetMovies Inc. was founded in 2001 and is 34 per cent owned by home entertainment giant Blockbuster, Inc. NetMovies founder John Fanning is also Napster Inc. founding chairman and CEO.


 


“It is now clear that the future of movies, television and videos will be on the internet. This presents a phenomenal opportunity for the creators of unique specialized content to reach the massive untapped demand for specialized product. As we build these new distribution channels it is of primary importance that we provide the public with first quality programming and entertainment, which is why we are delighted and proud to carry Devine’s award-winning content. We are very pleased to welcome the Devine Entertainment library into Netmovies.com,” said NetMovies chairman and chief technology officer Fanning. 


 


NetMovies expects to launch its network and make Devine Entertainment films available to its online customer base early in 2008.


 


“We are excited to be working with a company with the superior technology, powerful strategic partnerships and visionary management team of NetMovies. John Fanning changed the way music reaches its worldwide audience with Napster and now he is poised to make online distribution of films and television a commercial success. We believe on-line distribution networks are the future of film and television distribution and that future is now,” said Devine Entertainment president and CEO David Devine.

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