Sanjay Gaikwad led Valuable Group (http://www.valuablegroup.com) today announced the acquisition of Movie Beam including all of its assets, trademarks, IPR, and alliances that Disney, Intel, Cisco and other private equity investors spent over $200 million in creating. MovieBeam was a Push Video on Demand service launched by Disney in 2005 wherein movies were beamed wirelessly into customers' homes to a set-top box.
Disney spun-off MovieBeam in January 2006 and in March 2007 Movie Gallery, Inc. acquired MovieBeam. The Valuable group acquired MovieBeam through Dar Capital Ltd. which handled the complete acquisition process on behalf of Valuable Group.
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The Valuable group, known for its trailblazing success in rapidly building and operating numerous media and entertainment initiatives also pioneered and runs the largest satellite based digital cinema network in the world (UFO Moviez). UFO has been acclaimed by the film fraternity and has won several accolades and awards internationally including:
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