Disney’s set-top box video-on-demand service Moviebeam, which was put on hiatus last spring, relaunched this week with substantial backing by Cisco Systems and Intel Corp, and venture capital firms

Disney’s set-top box video-on-demand service Moviebeam, which was put on hiatus last spring, relaunched this week with substantial backing by Cisco Systems and Intel Corp, and venture capital firms Mayfield Fund, Norwest Venture Partners and VantagePoint Venture Partners.

The service is now available in 29 U.S. cities, including major markets such as New York, Los Angeles, Atlanta, Nashville and Washington, D.C., with a reach of more than 40 million households.

Moviebeam users have access to 100 movies from a wide array of studios at any given time, and up to 10 new titles will be available each week. Select titles can be viewed in high definition.

Each film can be rented for a 24-hour viewing period. New release titles cost $3.99, and library titles can be rented for $1.99.

Moviebeam boxes can be purchased at major retailers such as Best Buy, CompUSA and Sears, through a number of national Internet retailers or directly through MovieBeam at Moviebeam.com. The advertised price of the system is $199.99 after a $50 rebate. Activating the service requires an additional $29.99 one-time fee.