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U.K. Online DVD Rental Service Video Island Acquires Brafilm

Authored by Mark Hefflinger on September 14, 2005 - 3:42am.
Stockholm -- Video Island, a U.K.-based online DVD rental firm, announced that it has acquired Brafilm, the largest online DVD service in the Nordic region, for an undisclosed sum. Video Island said the acquisition would increase its total subscriber base to more than 150,000, making it the online-DVD market leader in Norway, Sweden and the U.K. "Brafilm is a well-established and respected player in Scandinavia and has some valuable partnerships, including MSN, TV4 in Sweden, TV2 in Norway and Coop," said Video Island CEO Simon Calver. "The acquisition provides a solid base for us to expand across Europe." Video Island, which earlier this year secured $10.9 million in venture capital financing from EVP, has made two other acquisitions within the last year or so, snapping up ScreenSelect.co.uk in August 2004 and DVDs365 just three months ago.
tags: Internet | Video Island | Acquisition | Acquires | U.K. Online DVD Rental | Brafilm |