Burbank, Calif., San Jose, Calif. and Santa Clara, Calif., February 14, 2006 – The Walt Disney Company (NYSE: DIS), Cisco Systems and Intel Corporation, through its leading investment arm Intel Capital, today announced they have invested in MovieBeam, Inc., a newly formed digital entertainment venture. The series A financing round, worth a total of $48.5 million, includes additional investment from tier-one venture capital firms the Mayfield Fund, Norwest Venture Partners and VantagePoint Venture Partners.
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.