Monday, April 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG X Power 2 Smartphone Packs A Huge Battery
Questions Remain About The Fate Of Toshiba's HDD and SSD Business
SK Hynix Develops First 8Gb GDDR6
Call of Duty Game Returns to WWII
Twitch to Sell Video Games
Apple May Invest in Boeing Satellite Broadband Project
Chrome's Rumored Ad-blocker May Not Be Exactly an Ad-blocker
GM To Launch Electric Cars in China by 2020
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Amazon ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 20, 2011
Amazon to Buy LOVEFiLM DVD Rental Service


Amazon.com, Inc. today announced that it has reached an agreement to acquire the remaining shares in LOVEFiLM International Limited (www.LOVEFiLM.com).

LOVEFiLM is a European subscription entertainment service which combines the benefits of online DVD and games rental-by-post as well as streaming films and TV shows instantly over the internet to PCs, internet enabled TVs and Playstation 3. LOVEFiLM operates today in the UK, Germany, Sweden, Norway and Denmark. Amazon already has a significant minority shareholding in LOVEFiLM and does not itself operate any similar business in Europe.

The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2011.

Lovefilm, which began as a pure DVD rental company in 2002, has more than 1.4 million members around the UK as well as significant interests in Germany and Scandinavia.

For a monthly fee, subscribers can receive movies and TV shows through the post or watch them over a broadband internet connection.

AmAzon.com's move could help guard against the possibility that US rival Netflix, which has more than 16 million subscribers, could invade the British market. Last year Netflix suggested that it was looking to expand internationally, and is believed to be targeting Europe.


Previous
Next
4G Transition and Tablet Devices Spur Growth of Mobile Communications        All News        Nokia X7 Phone Will Not Be Available in the U.S.
Governments Can Turn The Tide Against Piracy: ifpi     General Computing News      See More Views With The New Google Maps Widget

Get RSS feed Easy Print E-Mail this Message

Related News
AWS Makes Amazon Lex Chatbot Available to Everyone
Amazon Releases Parental Control Tools For Fire Tablets
Amazon Strengthens Middle East e-Commerce Presence With Acquisition Of SOUQ.com
Amazon Delivers Echo Data in Murder Case
Europe Seeks Feedback on Commitments Offered by Amazon in e-book Investigation
Amazon Patents Airships As A Base for Delivery-drones
Police Hopes an Amazon Echo Caught Sounds In A Crime Scene
Amazon Go Eliminates Checkout Lines In Stores
New Amazon Tool Protect Cloud Customers From Attacks
Amazon Unveils Image Recognition, Voice-Activated AI Services
Amazon's Next Alexa Speaker Will Be Larger
Amazon May Add Sports Broadcasts To Prime

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .