Amazon acquires LOVEFiLM

Amazon has announced today that they have reached finally acquired LOVEFiLM International Limited. In case you didn’t know, LOVEFiLM is pretty much the equivalent of Netflix in Europe – a subscription entertainment service that allows you to rent movies and games through the mail or streaming on demand. The service is compatible with PCs, internet-enabled TVs and on the PlayStation 3. Amazon’s acquisition of LOVEFiLM gives them a bigger foothold in the content-rental industry over in Europe. Besides a vague statement about enhancing their members’ experience across Europe, they haven’t officially announced what changes or improvements they’ll be bringing to the service. Expect more details to inevitably pop up in the future.