- ABC News
- October 6, 2011
AC
The nation's No. 1 provider of pay-per-view programming in hotel rooms is fighting to turn itself around as travelers increasingly use mobile devices to watch their own programs when they want. As the hotel industry increasingly talks about video-on-demand being passé in the mobile digital world, video provider LodgeNet says it will announce today that it's joined more than 70 film studios, retailers and cable companies in a venture called Ultraviolet to let guests order movies in their rooms and take them outside the hotel via cloud computing. On Wednesday, LodgeNet said it planned to launch by January a mobile application that transforms smartphones into hotel-TV remote controls. LodgeNet also got a boost from billionaire media mogul and Dallas Mavericks owner Mark Cuban. Cuban spent $2.3 million last week buying more shares of LodgeNet, boosting his stake in the company to nearly 10%. Cuban says he bought the stock because shares are trading near 52-week lows (the close was...