Movio Network is the first service that rents and sells premium video content to mobile users at ultra-fast speeds over existing Wi-Fi networks. Our target customer is captive in a location, desires entertainment and wants it delivered quickly. Available titles range from the newest Hollywood releases to classic and children’s movies and TV programs, with Movio rental prices ranging from $5.99 to $2.99. In addition, many of the titles will be available for sale as a download or UltraViolet cloud storage.
Movio will first offer its service to travelers in airport terminals, airline clubs, train stations and other transportation hubs. Subsequent markets include healthcare, university campuses, retail locations and international expansion.
The rapid user adoption of tablets such as the iPad leverages the voracious appetite for the consumption of compelling video content. This market trend, when combined with the bandwidth bottlenecks and battery life limitations, has created a market for the Movio Network solution. There are more than 50 million tablet devices in use today, with that number expected to double over the next 18 months. Many of the over 3 million travelers each day, in the US (plane and train) carry one of these devices. Consumers rent or purchase over $50 Billion of Hollywood movies each year. Movio is not creating a market for mobile entertainment, nor is Movio creating entertainment content; rather, Movio is benefitting from the convergence of both, by making content easily available to consumers where and when they want it.
Lewis Jaffe, CEO
Senior executive with numerous high tech companies. Oxford Media, CEO: Second largest VOD provider in the hospitality/hotel market. PictureTel, CEO: Publicly traded $500MM revenue Video conferencing company. Arthur Andersen, Managing Director; Global Corporate Finance practice.
Andy Brandt, CTO
Founder and CTO of Digital Wasabi a developer of App-based games, digital content design tools and web based applications. Founder of Lumen Energy a Wi-Fi based energy management solutions for hotels and office buildings. Former CTO of New Frontier Media.
Gregory Williams, Strategic Advisor, Networks and Board Member
20 years of senior management experience with leading wireless, telecom and internet service providers. Executive Vice President, business development at AT&T's Wi-Fi subsidiary. Senior management positions focused on wireless and internet services, technology. Business development at AT&T, Wayport, SBC and Prodigy. Greg has also served as Chairman of two key wireless industry associations: UWCC (now 3G Americas) and the WAP Forum (now the Open Mobile Alliance).