Cisco Invests in Disney's MovieBeam Spinoff
Cisco Systems Inc. said on Monday it has made an investment in MovieBeam Inc., the on-demand movie service that Walt Disney Co. spun off in January.
Cisco, Disney and several venture capital firms including Intel Corp.'s Intel Capital, Mayfield Fund, Norwest Venture Partners and Vantage Point Venture Partners invested $48.5 million in MovieBeam, according to MovieBeam spokeswoman Michelle Cox.
A Cisco spokeswoman declined to provide details of the company's interest in MovieBeam.
posted by Fergie @ 2/06/2006 04:42:00 PM
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