Well, it looks like mergers & acquisitions are on the table for this morning. Video rental company Movie Gallery announced Wednesday that it has bought & paid for the on-demand movie service MovieBeam for an unlisted amount of money.
Movie Gallery Inc. stated that the purchase will help the company deliver more content digitally & drive sales. Movie Gallery also added that MovieBeam’s advanced technology will be “instrumental” in their plans to deliver movies to customers using streaming & downloads over the Internet.
Yeah, let’s just see who’s standing in the content streaming world in 10 years time, will we?