Andre Yoskowitz
1 Mar 2007 19:04
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