Amazon Buys The "Netflix Of Europe"

0
0
Subscribe to The Deal alerts

Online retailer Amazon is buying the 58 percent stake in Lovefilm -- the Netflix of much of Europe -- that it doesn't already own. Terms of the transaction were not disclosed but analysts estimated that The Deal likely valued Lovefilm at $300 million. In a statement, Greg Greeley, Amazon's vice president of European retail, said "Lovefilm has been innovating on behalf of movie rental customers across Europe for many years and with the advent of the Lovefilm player, they are further delighting customers by streaming digital movies for their immediate enjoyment." Lovefilm CEO Simon Calver added that the deal is a winner for those who Love Lovefilm" and added "With Amazon's unequivocal support we can significantly enhance our members' experience across Europe."

20/01/2011


Contactmusic

Tags: The Deal

0
0
Subscribe to The Deal alerts
Advertisement

Editors Recommendations

'American Sniper' Is a Late Arrival to the Oscars Party

The heart-pounding teaser trailer for American Sniper had so much promise that perhaps a current...

'American Sniper' Is a Late Arrival to the Oscars Party

Mark Ronson - Daffodils ft. Kevin Parker Audio

Mark Ronson will finally unveil his fourth album 'Uptown Special' on January 26th 2015 through...

Mark Ronson - Daffodils (Audio) Video

'The Gambler' Is Not Worth the Risk on Christmas Day

Do yourself a favour and go watch American Sniper this festive season. Or Selma. Should you...

'The Gambler' Is Not Worth the Risk on Christmas Day

Bastille - Oblivion [Live]

Bastille perform their single 'Oblivion' live on the Honda Stage at Music Midtown in Atlanta. The track followed Platinum...

Bastille - Oblivion [Live] Video

Clint Eastwood On Crucial Research For 'American Sniper'

Production for 'American Sniper' began back in May, 2012, after Warner Brothers acquired...

Clint Eastwood On Crucial Research For 'American Sniper'

James Corden to Receive OBE before Heading to America

James Corden, the comedian who rose to fame on the critically acclaimed comedy...

James Corden to Receive OBE before Heading to America

Unbroken's Release Mere Days Away, So What Are Critics Saying About Angelina Jolie's Beloved Zamperini Biopic?

The reviews are in for Unbroken and the film, directed by Academy Award...

Unbroken's Release Mere Days Away, So What Are Critics Saying About Angelina Jolie's Beloved Zamperini Biopic?

Theaters To Screen 'The Interview' as Sony Insists "We Did Not Cave"

After the news that several theaters in the U.S are to screen the controversial...

Theaters To Screen 'The Interview' as Sony Insists

Tim Burton & Helena Bonham Carter Split, Rep Confirms Former Couple "Separated Amicably Earlier This Year"

Tim Burton and Helena Bonham Carter have separated after thirteen years...

Tim Burton & Helena Bonham Carter Split, Rep Confirms Former Couple
Advertisement

Comments

The Deal Newsletter

Subscribe to this news alert service to receive news and reviews on The Deal

Unsubscribe | Unsubscribe All