The fund will also help eligible filmmakers with direct financial support and online marketing services, including development and translation services.
A recent survey suggests viewers prefer subscription-based services like Netflix and Hulu by far over pay-per-view VOD apps like VUDU or Redbox Instant.
While the rising costs of movie theater tickets, more Americans are staying home to watch films in their own home theater. Comcast is launching a pilot program that will give families access to theatrical movies in the home.
AMC Theatres responds in a statement to recently announced plans from four top studios -- Sony, Warner Bros., 20th Century Fox and Universal Pictures -- to offer early VOD access to movies at a premium price.
Hollywood's biggest studios have signed a deal to launch "Home Premium," a video on-demand service that will make still-in-theater titles available for $30 per rental.
Though competitors have made inroads, Apple continues to own the video on demand market with a 64.5 percent share of online movie and video purchases in 2010.
T-Mobile’s VOD+ service will offer Warner Bros. movies, including The Hangover, Harry Potter and the Half-Blood Price, and Matrix Revolutions, to HTC Android Phones.