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Amazon Buys Lovefilm

WEB Amazon today took full control of DVD rental and online video company Lovefilm in a deal to buy the 58 of the business that it does not already own for an undisclosed sum. It claimed over 70000 titles and over 4 million DVD Blu-ray or game rentals per month in five countries. WEB Amazon today announced that it has acquired LoveFilm Europes leading movie subscription service for an undisclosed sum but a figure of around 200 million is being bandied around. Is buying Lovefilm a European movie rental service akin to Netflix Inc The deal announced Thursday heralds Amazons entrance into a market where Netflix. WEB Amazon the worlds largest online retailer has acquired Lovefilm the web-based DVD rental service for close to 200m 317m sealing a long-rumoured deal that..


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