Amazon acquires Lovefilm for £200m
Amazon, the world's largest online retailer, has acquired Lovefilm, the web-based DVD rental service, for close to £200m, completing a long-rumoured deal that sees another leading UK dotcom company sold to an American suitor.
Amazon-owned DVD and online video rental company LoveFilm has signed a one-year exclusive content deal with movie distributor StudioCanal to bring new releases to the platform, NewMediaAge reported.