Amazon agrees deal to buy UK movie streaming and rental service Lovefilm

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. 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 the first quarter of this year. Amazon’s wading into content distribution, who’d have thunk it? Continue reading Amazon agrees deal to buy UK movie streaming and rental service Lovefilm Amazon agrees deal to buy UK movie streaming and rental service Lovefilm originally appeared on Engadget on Thu, 20 Jan 2011 04:13:00 EDT. Please see our terms for use of feeds . Permalink

Posted by on January 20, 2011. Filed under News, Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry