Online retailer picks up from ReelTime’s ashes

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EzyDVD has salvaged ReelTime Media, a internet movie download start-up which failed, and plans to relaunch it as EzyDownload in September – after picking up the company, which cost $5 million, for a few thousand dollars in April.

The only thing that is missing is the contracts with movie studios, but CEO for EzyDVD said that the service will be ready in September.

Movies will downloaded and played in a proprietary player to protect copyright. Movies will sell around $5.95 per new release.