PC Pals Forum

General Discussion => The Buzz => Topic started by: Simon on January 20, 2011, 21:41

Title: Amazon snaps up LoveFilm
Post by: Simon on January 20, 2011, 21:41

Amazon has taken over the online movie rental service LoveFilm.

The web retailer already owned almost half of LoveFilm, and has now snapped up the remaining shares in a deal that reportedly values the site at around £200 million.

LoveFilm made its name as a DVD postal rental service - indeed, it already powers Amazon's DVD rentals.

However, the service now streams movies directly to PCs, internet TVs and the PlayStation 3 games console. Streamed movies can be watched on either pay-per-view basis or as part of a subscription package.

Read more: http://www.pcpro.co.uk/news/364528/amazon-snaps-up-lovefilm

Title: Re: Amazon snaps up LoveFilm
Post by: sam on January 20, 2011, 22:19

smart move for them, but netflix will destroy them

Title: Re: Amazon snaps up LoveFilm
Post by: Rik on January 21, 2011, 10:31

Amazon is doing a Google.

Title: Re: Amazon snaps up LoveFilm
Post by: sam on January 21, 2011, 14:29

I think they were probably doing it before google.

Title: Re: Amazon snaps up LoveFilm
Post by: Rik on January 21, 2011, 15:33

Quite possibly, Sam.