Lovefilm and Video Island Join Forces
Lovefilm and Video Island Inc, the owner of screenselect.co.uk, are to merge.
Video Island's chief executive Simon Calver said the move won't affect customers in the short term. “There will be no change, it's business as usual,” he said. However, he added, the two companies will start trading as one brand, Lovefilm, within six months.
The group will offer customers the largest DVD library in Europe, with more than 70,000 unique titles and 1.2 million DVDs and video games. The new company will ship more than two million rental DVDs every month.
Both companies currently work with major partners including AOL, CD Wow, Channel 4, Dixons Store Group, easyGroup, Guardian Newspapers, ITV, MSN, News International, Odeon, Sainsbury, Tesco and Vue Cinemas, some of whom offer a white-labelled service.
The deal is subject to shareholder approval.
