Tesco have today announced they have acquired an 80% stake in Video On Demand pioneer Blinkbox from Eden Ventures and Nordic Venture Partners as the retailer ominously prepares for “the next stage in the internet-driven revolution in home entertainment”.
It is thought that the retailing giant, who already has a huge market share of the home Entertainment video market, will over-time look to re-brand the service which could end up offering a low cost film rental and streaming service that will put the pressure firmly on LoveFilm and others already operating in this space.
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