Best Buy has partnered with Sonic for the video delivery. The service will be under the brand of CinemaNow, which Best Buy acquired from Sonic Solutions (Nasdaq: SNIC) as part of their partnership, and will allow users to rent movies for about $4 and buy them for about $15 (these prices are similar to those of competitors like iTunes and Amazon).
Initially, the service will be available on some LG Electronics Blu-ray players and home theater packages sold by Best Buy. But eventually, Best Buy plans to offer the service on every Web-connected device it sells.
In other news:
Hulu LLC 's subscription service won't be ready by next week, as had been expected, AllThingsD's Peter Kafka reports. Though some details of the service have been settled -- users will be able to pay $10 to access a more complete catalogue of shows while regular Hulu remains free -- Kafka is skeptical about whether other terms have been agreed upon by all parties involved.
The New York Times reported today that
Amazon.com Inc. (Nasdaq: AMZN) is on a hiring binge -- and it could mean the company is taking some significant steps in its intensifying competition with Apple Inc. (Nasdaq: AAPL) and its iPad. The new version of the Kindle could include upgrades such as a touchscreen or new games, NYT says.