This is one Hollywood story without a happy ending: DVD-streaming upstart Zediva must close its virtual doors. Launched in early 2011, Zediva offered a Netflix-like streaming service, but attempted to skirt issues like limited rental-only discs and 28-day release delays with its novel approach: The company gave customers remote access to actual DVD players playing regular, store-bought DVDs.
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DVD streaming service Zediva ordered to shut down and pay £1 million