Thursday, August 9, 2007

Blockbuster Acquires Movielink

From The New York Times - The video rental chain Blockbuster said yesterday that it had acquired the Internet movie provider Movielink to offer video downloading services to customers.

Blockbuster is also acquiring rights to show the films of Movie- link’s owners, which include Warner Brothers Studios, Metro-Goldwyn-Mayer and Paramount Pictures, it said. Financial terms were not disclosed.

“It immediately puts us in the digital download business,” Blockbuster’s chief executive, James W. Keyes, said. “Clearly, our customers have responded favorably to having other convenient ways to access movies and entertainment.” | Read full article

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