Amazon has just announced it has agreed terms to buy up all the remaining shares of Lovefilm it didn't already own. The British outfit operates a subscription-based movie rental and streaming service in its home market along with Germany, Denmark, Sweden and Norway, and should give Amazon a very solid base from which to build its presumably Netflix-besting ambitions. Lovefilm has been just about the closest thing Europe has had to the ridiculously successful North American movie distributor and Amazon is arguably getting in just in time, given Netflix's overtures toward expanding into the UK. Customary closing conditions will need to be met before the final stamp of approval is applied, but the acquisition is expected to complete by the end of Q1 of this year.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.