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August 14, 2017 02:37 pm GMT
Amazon is getting out of the DVD rental business with the closure of Lovefilm, the so-called “Netflix of Europe” that Amazon bought in 2011for 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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MuHW7y9KeJo/
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 2011for 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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/MuHW7y9KeJo/
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