August 14, 2017

Amazon kills its European DVD rental biz, Lovefilm

 Amazon is getting out of the DVD rental business with the closure of Lovefilm, the so-called “Netflix of Europe” that Amazon bought in 2011 for a reported $312 million valuation. The company, which operates in the U.K. and Germany, is a subscription service that lets consumers rent DVDs that are sent out by mail – similar to Netflix’s original business model before… Read More

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