Wednesday, August 8, 2007

Blockbuster Acquires Movielink, Content Agreements With Major Studios

Blockbuster has acquired Movielink, a leading movie download service backed by major Hollywood studios, for an undisclosed sum.

Movielink was founded in 2002 as a joint venture of Metro-Goldwyn-Mayer Studios Inc., Paramount Pictures, Sony Pictures Entertainment, Universal Pictures and Warner Bros. Studios. The acquisition of Movielink, which has VOD and EST license agreements with the five founding studios, as well as more than 30 other studios, television-content distributors, and foreign and independent content providers, enables Blockbuster to offer consumers downloadable entertainment content via their PCs, portable devices, television-connected home networks and approved set-top boxes.

"Our acquisition of Movielink, with its associated digital content, is the next logical step in our planned transformation of Blockbuster," said Jim Keyes, Blockbuster Chairman and CEO.

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