ReelTime was an ISP independent broadband TV operator, and a licensed Australian telecommunications carrier and datacaster, the system that allows transfer of data via DVB-t digital television.
The announcement on ASX (Australian Securities Exchange) titled 'Termination of chief operating officer' stated that "The grounds for that termination arose from conduct of his that appeared antithetical to the interests of the Company.
[5] Reeltime commenced legal proceedings in the Supreme Court of New South Wales claiming Mr Mawhinney had allegedly taken staff and clients to his new business.
On 4 April 2014, there was an announcement on ASX titled ‘James Mawhinney – Enforceable Undertakings’ stating that “On 4 April 2014, the Supreme Court of New South Wales received enforceable undertakings from James Mawhinney and Eleuthera Group Pty Ltd in relation to a range of matters preventing those parties from interfering with business arrangements of the Company (Reeltime).
In December 2014 Keith Attwood, the former CEO of a technology company listed on the London Stock Exchange, joined Reeltime in a non-executive director position.
ReelTime claimed to be the first company to offer download to own for a major Hollywood studio (or electronic sell-through) outside of the US on a same day and date basis as retail release.