Friday, June 2, 2006
Report: MovieLink On The Block
Santa Monica-based Movielink is looking for a buyer, according to the a report published this week in BusinessWeek. The magazine, citing anonymous sources, that the online movie download site is looking for a buyer, and has came close to selling the company last year. The firm, which is jointly owned by Paramount, Universal, Warner Brothers, Sony and MGM, allows broadband users to download movies to their home PCs. BusinessWeek cited sources saying that Movielink has had talks with Blockbuster, Comcast, and AT&T, and came close to selling the firm to Blockbuster for $70M last year.