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LOVEFiLM to acquire Amazon’s UK and German DVD rental business LOVEFiLM, Europe’s leading online DVD rental subscription service, has announced that it is to acquire Amazon's UK and German DVD rental business, taking its subscriber base to just under one million.The acquisition is still subject to regulatory approval in the UK and Germany, but the deal will see Amazon Europe making a cash investment to become the largest shareholder in LOVEFiLM International Ltd. The two companies will also enter into a multi-year marketing agreement in which Amazon Europe will promote LOVEFiLM’s services on its sites for UK and German customers. LOVEFiLM currently have around 600,000 subscribers who can choose from over 65,000 titles including games. Rental subscriptions in the UK start from just £3.99 a month with free delivery and returns and no late fees. Across Europe, LOVEFiLM will have close to a million subscribers once the acquisition is complete. “Customers are faced with an astonishing array of choices in the entertainment world these days," said Simon Calver, CEO of LOVEFiLM International. "LOVEFiLM International will ensure that Amazon Europe’s customers get the best possible DVD rental service. We will be delighted to welcome all Amazon Europe customers to the LOVEFiLM service. This new, bigger customer base will give us an even better position from which to build LOVEFiLM as the best place for customers to find film.”
4th February 2008
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Five Questions to find out what makes an internet entrepreneur tick?  "I believe some people have a little something in their head that makes them look at things in a slightly different way. Some people absolutely cannot envisage doing anything but working for somebody else - and that is fine. However I believe entrepreneurs are born and will always find a way to do things differently." Kieron Donoghue, ukoffer.com Take one internet entrepreneur - for instance Kieron Donoghue (pictured above) - and ask them Five Questions. Also in the Five Questions hot seat this month is Victoria Vanstone of yourdeathwish.com. Why niche websites are like flowers George Marshall reckons that niche websites are like flowers and need to be nurtured just as you would a plant. more |
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