Cuban’s New Link to Movie Audiences
“Four years ago, flush with cash from the sale of Broadcast.com to Yahoo Inc., Internet entrepreneurs Mark Cuban and Todd Wagner decided to try their hand at the movie business. The pair, who sold their company to Yahoo for $5.7 billion at the peak of the technology boom, purchased a medium-size chain of movie theaters and began financing independent films.
“Their goal was to create a showcase for so-called specialty films — typically movies produced on relatively low budgets outside the Hollywood studio system — while profiting from the sales of tickets, DVDs and subscriptions to their high-definition cable-television network, HDNet. Now, as those endeavors finally take shape, the billionaire duo is sending ripples through the fast-growing world of independent film.”
Anthony Kaufman. Will ‘Bubble’ Burst the Movie Business? The Wall Street Journal Online. Nov. 19, 2005.
CopyCense™: K. Matthew Dames on the intersection of business, law and technology. A business venture of Seso Digital LLC.