# MovieBeam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moviebeam

- Industry: Media
- Headquarters: Englewood, US
- Website: www.moviebeam.com
- Total disclosed funding: $49M
- Latest round: Series A (Feb 14, 2006)
- Investors on record: 5

## About

MovieBeam Inc. provides innovative in-room entertainment solutions for the hospitality sector, enhancing guest experience through advanced technology, including seamless integration with Android TV™ and cloud-based services.Founded in 2002 in Englewood, US, MovieBeam Inc. specializes in in-room entertainment solutions for hotels. In March 2007, the company was acquired by Movie Gallery. Ankur Sheth is the founder, though prior company information is not specified. The company has raised a total of USD 48.50 mn in funding, led by Mayfield Fund, with other investors including Cisco Systems, Inc., Intel Capital, Norwest Venture Partners, and VantagePoint Capital. The most recent funding occurred in March 2007 with a Series A round.MovieBeam specializes in providing advanced in-room entertainment solutions tailored for the hospitality industry. Their flagship product, Moviebeam Qube, integrates seamlessly with Android TV™ and offers features such as 4K HD quality, customizable user interfaces, and support for cloud-based Video On Demand (VOD) and live streaming services. This solution is designed to enhance the guest experience by offering options like Google Cast™, pay-per-view, and in-room dining through a virtual concierge. Moviebeam's services are utilized by a diverse clientele, including hotels such as Covington Hotel, Blue Harbor Hotel, and The Last Hotel, providing them with an innovative approach to guest engagement and technology-driven convenience. The company's products cater primarily to the North American market, with installations in various states aimed at creating a modern, contactless environment for hotel guests.MovieBeam generates revenue through partnerships with hotels and hospitality establishments, implementing subscription-based models for their in-room entertainment solutions. Clients typically subscribe to MovieBeam's premium services, allowing them to offer advanced entertainment options to their guests. Revenue transactions occur on a B2B basis, where hotels pay for the Moviebeam Qube system and associated services, which may include ongoing technical support and software updates. The pricing structure is designed to accommodate different tiers of service, ensuring scalability and customization according to each hotel's specific needs. By enhancing the guest experience, MovieBeam facilitates additional revenue streams for hotels through in-room dining and affiliate programs, allowing properties to maximize their operational efficiency while providing top-notch entertainment solutions.In the future, MovieBeam plans to expand its product offerings, potentially introducing new entertainment solutions tailored for evolving hospitality needs. The company aims to penetrate additional markets within North America, focusing on key urban areas by the end of 2025. The recent funding of USD 48.50 mn will support these initiatives, allowing for the development of new technologies and the scaling of operations to meet increased demand. In March 2007, Movie Gallery acquired MovieBeam Inc., which may influence its strategic direction moving forward.

## Funding rounds

- Series A, Feb 14, 2006, $49M — Mayfield Fund, VantagePoint Capital, Intel Capital, Norwest Venture Partners, Cisco Systems, Inc.

## Investors

- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A
- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A
- Cisco Systems, Inc. — Series A