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Valuable acquires MovieBeam


July 10, 2008 The system never really developed much traction, though, and in March 2007, Movie Gallery, the movie and game rental company, acquired MovieBeam. Terms of the deal, engineered by private equity firm Dar Capital, were not disclosed, but Valuable said it will earmark $100 million over the next two years to relaunch the system in North America, the U.K. and overseas markets. Ameya Hete, executive director of the Valuable Group and CEO of MovieBeam, spearheaded the initiative and said, This service will completely redefine the on-demand entertainment market.

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