The new agreement will combine CinemaNow's online movie business with Sonic's Qflix team, the new technology that allows users to download movies legally through CinemaNow then burn them to DVD using special drives and discs.
The combined division will be known as Sonic's Premium Content Group for now on.
Qflix was first announced in 2007 after Sonic signed a deal with Pioneer but the first drives were not released until recently.
Sonic's shares have plummeted in recent months, from a high of $11 USD in as late as May to $0.74 cents today.
Written by: Andre Yoskowitz @ 20 Nov 2008 23:58
