MovieBeam shutting down operations on December 15th

MovieBeam is calling customers today and telling them that the datacasting HD movie service is ceasing operations as of December 15th, with certain customers eligible for a refund on the hardware. It's been rocky going for the company since spinning off from Disney a couple years ago, with a series of investments and acquisitions along the way, but none of the owners ever really managed to make the limited-selection, high-DRM, wonky-quality movie rental business model really work. Although we're always sad to see another gadget fade into that sweet night, something tells us we're not going to mourn for long.

[Thanks, Dustin]