Genius Products, Inc. (GNPI.OB) Licenses Home Entertainment Digital Rights to Outside Partners
Trevor Drinkwater, President and CEO of Genius Products, announced today that the company has signed non-exclusive rights agreements with CinemaNow, Inc., Netflix, Inc. (NASDAQ:NFLX), and VUDU, Inc. The agreement allows these three companies to license selected digital content for distribution through their networks in the United States, which will significantly expand Genius' ability to deliver programs to consumers. According to the agreement, CinemaNow, Netflix and VUDU will have non-exclusive rights to digitally deliver and distribute certain non-Weinstein Genius Products’ titles that have been mutually agreed upon by Genius Products and the licensees. Genius management is looking forward to these new…