Amazon will buy out the remaining shares of Europe’s online video rental service Lovefilm. Having already owned 42% of the stock, the deal is not surprising and should be completed by the first quarter of the year. Amazon is leveraging Lovefilm to further challenge Netflix in the on-demand rental arena. Read the full article at engadget.com
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.