Sony Pictures Television and The Walt Disney Company have sold their jointly owned movies-on-demand service, FilmFlex.
The U.K.-based digital rental service, which has been around since 2005, has been acquired by multi-platform video company Vubiquity, it was announced on Wednesday. Terms of the deal were not disclosed.
FilmFlex functions as a digital video storefront for partner companies Virgin Media, TalkTalk, Film4 and EE. It has managed 90,000 transactions and processed 5,000 by making films available for rent, download or streaming, online and on set-top boxes.
Vubiquity offers cloud–based video streaming services such as VOD file management, and helps customers monetize transactional, subscription and electronic sell-through on-demand content. With the FilmFlex acquisition, Vubiquity hopes to extend its relationship with major global content and add new licensing and digital storefront capabilities to Vubiquity’s offerings.
FilmFlex’s assets and capabilities will be integrated into Vubiquity’s AnyVU Cloud platform, which offers licensed content for both linear and on-demand, set-top box delivery and direct-to-subscriber streaming.
Image: Screengrab of The Railway Man and Anchorman 2: The Legend Continues available on FlimFlex