VUDU put out a press release today…
Apr 30, 2007 08:00 ET
VUDU Brings Instant Access to Thousands of Movies Directly to the TV, Without Requiring a PC
Company Partners with Major Movie Studios and Numerous Independent and International Distributors to Create New Living Room Movie Experience
SANTA CLARA, Calif., April 30 /PRNewswire/ — VUDU, Inc. announced today that it has closed deals with seven major motion picture studios: The Walt Disney Studios, Lionsgate, New Line Cinema, Paramount Pictures, Twentieth Century Fox, Universal Studios, and Warner Bros. Entertainment. Upon launch, VUDU will be the only company to offer instant access to more than 5,000 titles directly on their televisions, without requiring a PC or a cable or satellite TV subscription.
“We’ve created the product everyone wants, the product many have tried to build, and, until now, the product no one has succeeded in delivering,” said Tony Miranz, founder of VUDU. “We’ve brought together the best team in Silicon Valley to give movie lovers the ability to watch thousands of movies instantly, without leaving their homes.”
Under the company’s wide-ranging licensing agreements, VUDU’s studio partners will provide new releases, along with select titles from their coveted libraries. In addition to entering into licensing agreements with the major studios, VUDU has struck deals with 15 top tier independent and international film distributors.
The VUDU team, led by Mr. Miranz and Chairman Alain Rossmann, consists of consumer electronics and Silicon Valley technology veterans from TiVo, WebTV, Openwave, 2Wire, Slim Devices, OpenTV, and Danger. The company has received funding from Greylock Partners and Benchmark Capital.
“VUDU has nailed the customer experience,” said David Sze, a general partner at Greylock Partners. “We think this will be a real hit with people looking for the best and most convenient way to get movies into their living rooms.”
“There are very few teams in consumer electronics that truly understand how to build a product that will ‘wow’ the customer. This is one of those teams,” added Bill Gurley, a general partner at Benchmark Capital. “VUDU has a combination of features that no one else can match: a phenomenal selection, incredibly easy interface, and the ability to instantly begin watching any movie you choose. The results are incredible.”
For more information, visit www.vudulabs.com.
VUDU, Inc. was founded in 2004 and is headquartered in Santa Clara, California. The company is dedicated to bringing instant access to thousands of mainstream movies to every living room.
Source: VUDU, Inc.
CONTACT: Amanda Sanyal of SutherlandGold Group for VUDU, Inc.,
Web site: http://www.vudulabs.com/