Tesco planning to sell or close down Blinkbox

Eight-year-old video service is understood to be sold or shut down by Tesco, just three years after the retailer acquired an 80% stake in Blinkbox from former owners Eden Ventures and Nordic Venture Partners.

Blinkbox offers more than 10,000 films and TV shows on devices including PCs, Macs and tablets, and has content licensing deals with partners including BBC Worldwide, Channel 4 and film studios such as Fox and Universal.

Dave Lewis, Tesco's new chief executive, has kicked off a strategic review of the business and intends to seek a buyer, but if one cannot be found, it's most likely to be shuttered.

However, Michael Comish, the Blinkbox co-founder who was promoted to Group Digital Director at Tesco last year, is expected to stay with the supermarket chain.

DTG Staff  |  02.10.2014

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