In its first major deal since acquiring MovieBeam, Mumbai-based Valuable Group said that it will use Nagravision to provide conditional access for its set-top boxes. The announcement was made by Ameya Hete, Executive Director, Valuable Group and CEO, MovieBeam and Pierre Roy, EVP of the Kudelski Group and COO, Nagravision.
The Valuable Group plans an initial investment of $100 million over the next two years for MovieBeam’s relaunch in North America, the United Kingdom and other overseas markets. Plans also include delivering films in high definition, and offering viewers access to library films as well as the latest releases.
“Valuable Group’s re-launch of MovieBeam comes at a time when consumers are ready for more viewing choices than ever before. The portability of the MovieBeam set-top box makes it an attractive option for consumers,” said Roy in a prepared statmene. “It is an honor to be selected again to protect the MovieBeam content and to provide our expertise in the Pay-TV industry on this exciting project.”
The Valuable Group pioneered and runs the largest satellite based digital cinema network in the world (UFO Moviez). With offices worldwide, Valuable Group has expanded its presence to include Los Angeles as well as a MovieBeam development facility in Seattle.
