AfterDawn: News

Movielink Up For Sale?

According to the Wall Street Journal, Movielink, the movie download specialist, is on sale for $50 million USD.

The huge games and movie retailer and rental specialist Blockbuster, is in deep talks to buy the online movie rental and download site.



Movielink, which is jointly owned by MGM Studios, Sony Pictures, Paramount Pictures, Universal Studios and Warner Bros. will be sold for $50 Million USD (equal to about 38 million Euro) in cash and other stock options.

The move should help Blockbuster to continue fighting in its rivalry with Netflix, the largest online movie rental site.


Source:
Gamesindustry.biz

Written by: Andre Yoskowitz @ 1 Mar 2007 19:04

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• 3 comments

• Blackjax

  Hmm makes you wonder why only $50 mill. You would think with the studios reasoning on everything media that the price should be like oh $50,000,000,000,000.00 usd-afp (afp=adjusted for piracy).
  
  Seriously why would they do that though......maybe a play to dump nothing for something because of a possible push to get everyone into HD? Think about it.

  1.3.2007 23:01 #1

• ripfuel

  I think that 50 Million is a little to much for it myself. I don't know anyone who has ever rented a movielink downlaod. If I were BlockBuster, I would invest that 50 Million in better/faster customer service online.

  2.3.2007 11:47 #2

• elliott

  I love movielink rent from it often when on business trip works great

  3.3.2007 21:41 #3