We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,678 News Articles

Amazon buys movie rental service LoveFilm

Online retailer was already majority shareholder

Amazon has purchased movie and game rental service LoveFilm.

The online retailer did not reveal how much it paid for the service, which combines online rentals on PCs, internet-enabled TVs and the Playstation 3 with offline rentals by post.

Amazon already owns a significant majority sharehgolding in LoveFilm, which operates in the UK, Germany, Sweden, Norway and Denmark, but does not operate any similar business itself in Europe.

"LoveFilm has been innovating on behalf of movie rental customers across Europe for many years, and with the advent of the LoveFilm player, they are further delighting customers by streaming digital movies for their immediate enjoyment," said Greg Greeley, Amazon's vice-president of European retail.

"LoveFilm and Amazon have enjoyed a strong working relationship since LoveFilm acquired Amazon Europe's DVD rental business in 2008, and we look forward to a productive and innovative future."

Simon Calver, chief executive of LoveFilm International, added that the deal ensures the company can "significantly enhance our members' experience across Europe".

The deal is ecpected to be completed by the end of the first quarter, but will first have to be approved by regulators.

See also: LoveFilm brings movie streaming to PS3


IDG UK Sites

Top 5 Android tips and tricks for smartphones and tablets

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Why the BBC iPlayer outage was caused by a DDoS attack: Topsy and Tim isn't *that* popular

IDG UK Sites

BBC using Glasgow 2014 Commonwealth Games to trial 4K/UHD, pan-around video, augmented video and...