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Amazon Sells U.K., German Online DVD Rental Units to Lovefilm

Authored by Mark Hefflinger on February 4, 2008 - 10:44am.

Luxembourg - Online retail giant Amazon.com announced on Monday that it will sell its (NASD: AMZN) Amazon Europe unit's DVD rental business in the U.K. and Germany to Lovefilm.

tags: Deals | Movies | DVD | Acquisitions | Lovefilm | Amazon |

European Online DVD Rental Firms Lovefilm, Video Island to Merge

Authored by dmw on April 6, 2006 - 3:43pm.
London - European online DVD rental services Lovefilm and Video Island (ScreenSelect.co.uk) announced on Thursday their intention to merge, giving the combined company a based of 400,000 subscribers and an estimated 17% of the total U.K. DVD rental market. Financial terms of the deal were not disclosed. The new company will be called Lovefilm, and will offer more than 70,000 film titles, and 1.2 million DVD and video game titles, in addition to a video-on-demand service. Following the merger, European digital film distributor Arts Alliance Media will remain the largest shareholder of Lovefilm. In addition to the U.K., the company offers rental services in Sweden, Denmark and Norway. The companies expect their merger will enable them to "exploit synergies on marketing, technology, distribution and operations to grow profits faster and accelerate expansion across Continental Europe," and be "more competitive against US rivals such as Amazon, Blockbuster and potentially Netflix." Current partners, some of whom offer white-label services powered by Lovefilm, include AOL, CD Wow, Dixons, Guardian Newspapers, ITV, MSN and Tesco.
tags: Deals | Internet | Video | Marketing | Europe | Metrics | Investing | Mergers | Lovefilm | Video Island |

U.K. Online DVD Rental Firm Lovefilm Buys Screenclick for $3.6 Million

Authored by Mark Hefflinger on January 11, 2006 - 4:06am.
Dublin - According the Irish Times, Lovefilm, a U.K.-based online DVD rental firm, has acquired Ireland-based Screenclick.com for about $3.6 million. Screenclick, which has more than 15,000 registered users in Ireland, will be rebranded as Lovefilm.ie. Screenclick founder and CEO Frank O'Grady will remain as CEO of Lovefilm.ie. Lovefilm said it planned to launch a video-on-demand service in Ireland sometime next month. The company has also worked with Intel to make the service compatible with Intel's new Viiv platform for the home entertainment market.
tags: VC | Lovefilm | Deal | Online DVD Rental | Screenclick |