Tesco Buys Video On Demand Startup Blinkbox
Tesco has announced plans to move into the video-on-demand market with the acquisition of Blinkbox, a video-on-demand start-up. They now have an 80 per cent share in the company which they bought from private equity firms Eden Ventures and Nordic Venture Partners. Blinkbox movie-streaming service has been in operation since 2008. So far the firm has grown its movie catalogue to over 9,000 Hollywood titles plus a host of television series.