Best Buy to Deliver Streaming Movies via CinemaNow

Best Buy will embed Sonic's Roxio CinemaNow technology on a number of devices, like web-connected TVs, portable media players, PCs, Blu-ray players, set-top boxes, and mobile phones. This will include a variety of manufacturers, Best Buy said, but the store did not reveal any specific companies at this time.

The multi-year agreement allows Best Buy to license Sonic's technology to make its on-demand digital content delivery a standard feature on connected devices. As part of the deal, Best Buy purchased an undisclosed number of Sonic common stock.

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