Re: RMA - Reel Time Media
falcon55 said:
Its falling because their site and idea is flawed by high prices....
I don' think so. They haven't really had the oportunity to make their service widely available to the public.
Simply Reeltime has missed many deadlines. First the Adam and Unwired services were suppose to be up and running by about August, followed by Set Top Boxes being available to retail stores. Then there was the all big Yahoo 7 deal :
"Yahoo!7's Mr Smith said the planned November launch for the new ReelTime TV and movie download service on Yahoo!7 would now start before Christmas."
The last balance sheets suggests Reeltime also had inventory pre-payments for Set Top Boxes, PC Download clients, content etc. You do wonder if there are inventories of Set Top boxes sitting collecting dust in a warehouse somewhere.
On the negative the upcoming 6 monthly report will probably show little revenue, and lots of cash burn.
A very small positive could be that Yahoo!7, Adam, Unwired and Set top retail deals must be 'just' around the corner if you haven't already lost patience.
Channel 10 has just kicked off the season with downloads of SuperNatural. One could hope Channel 7 are only a few steps behind and apparently they are bidding for non-exclusive rights to programs from the 9 and 10 networks too, apparently making Yahoo 7 a one stop shop.
falcon55 said:
and that fact that they can never compete agaisnt Apple iTunes.
My Understanding Apple Itunes is a PC download model only. Reeltime plans to have Set Top Boxes in homes and the hospitality sector. This includes the system that they put into Hamilton Island on a 10 year contract with NEC.