BURBANK, Calif. and FORT WORTH, Texas, Oct. 30 /PRNewswire-FirstCall/ -- RadioShack Corporation (NYSE: RSH) and MovieBeam, Inc. today announced an agreement to sell the MovieBeam movies-on-demand system in approximately 1,700 neighborhood RadioShack stores effective immediately. The rollout covers 31 major metropolitan areas across the country in which the MovieBeam service is currently offered. Making this agreement especially interesting to movie lovers and home theater enthusiasts is a special introductory offer -- good through Nov. 5, 2006 -- for a $50 mail-in rebate with the simultaneous purchase of any liquid crystal display (LCD) television and the MovieBeam System at participating RadioShack stores. The MovieBeam System is composed of a set-top box and small indoor antenna that receives, stores, protects and plays movies. A simple remote control facilitates navigation of the intuitive user interface. A customer does not need cable or satellite to receive the service, although MovieBeam is compatible with each. The MovieBeam movies-on-demand service provides instant access to an ever-changing lineup of new releases and other popular favorites from virtually every major Hollywood studio. There are always 100 movies immediately available, with up to 10 new titles automatically delivered digitally each week -- including select movies in high definition (HD). The MovieBeam System sells for $99.99, after which customers pay only for the movies they choose to rent ($3.99 for new releases and $1.99 for library titles, with a $1 premium for HD movies). The MovieBeam service is currently available in 31 metropolitan areas across the U.S. reaching more than 41 million households. To determine if the service is available in a particular neighborhood, customers should visit or call their local RadioShack store or visit http://www.moviebeam.com . About RadioShack Corporation Fort Worth, Texas-based RadioShack Corporation is one of the nation's most trusted consumer electronics specialty retailers. The company operates a network of sales channels, including: more than 6,000 company and dealer stores; over 100 RadioShack locations in Mexico and Canada; and nearly 800 wireless kiosks. RadioShack's knowledgeable and helpful sales associates deliver convenient product and service solutions within minutes of where Americans either live or work. Visit http://www.RadioShackCorporation.com for more information about RadioShack Corporation. To learn more about RadioShack products and services or to buy online, visit http://www.RadioShack.com . About MovieBeam, Inc. MovieBeam, Inc. is a leader in delivering digital entertainment, providing customers a convenient way to rent movies from home. The MovieBeam movies-on- demand service provides instant access to an ever-changing lineup of new releases and popular favorites from virtually every major Hollywood studio, including select movies in HD - always 100 to choose from, with up to 10 new movies automatically delivered digitally each week using over-the-air datacasting technology. The MovieBeam service is available in 31 major metropolitan areas across the U.S., and the MovieBeam System is sold by leading consumer electronics retailers and e-tailers. MovieBeam, Inc. is a privately held company headquartered in Burbank, Calif. Investors include The Walt Disney Company, Cisco Systems, Intel Corporation, Mayfield Fund, Norwest Venture Partners and VantagePoint Venture Partners. The company has been honored as an "OnHollywood 100" winner and is a recipient of the "Red Herring 100 North America" award. More information is available at http://www.moviebeam.com .
SOURCE RadioShack Corporation