Exclusive: As the entertainment industry continues to remake itself during Covid-19, Palo Alto-based startup Xcinex believes it has a technological solution ideally suited to the times. As long as customers are Ok with being scanned.
The company’s Venue system, scheduled to become available by the end of the year, is essentially a rent-a-system for distributors and a connected-tv streaming device with an added dimension. In a revenue-share arrangement, it plans to enable premium video-on-demand movie releases, plus concerts, comedy shows, theatrical productions and sporting events. All of those areas are under immense financial pressure due to the closures of theaters and the dark cloud over live events.
Xcinex (pronounced “scene-x”) is funded by angel investors rather than well-known venture firms or individuals. While the planned launch of Venue by the end of the year does not yet have any major studios in the fold, it has caught the attention...
The company’s Venue system, scheduled to become available by the end of the year, is essentially a rent-a-system for distributors and a connected-tv streaming device with an added dimension. In a revenue-share arrangement, it plans to enable premium video-on-demand movie releases, plus concerts, comedy shows, theatrical productions and sporting events. All of those areas are under immense financial pressure due to the closures of theaters and the dark cloud over live events.
Xcinex (pronounced “scene-x”) is funded by angel investors rather than well-known venture firms or individuals. While the planned launch of Venue by the end of the year does not yet have any major studios in the fold, it has caught the attention...
- 6/18/2020
- by Dade Hayes
- Deadline Film + TV
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