U.K.-Based Video Island Buys Brafilm for Undisclosed Sum

Stockholm -- Video Island, a U.K.-based online DVD rental firm,
announced that it has acquired Brafilm, the largest online DVD service
in the Nordic region, for an undisclosed sum. Video Island said the
acquisition would increase its total subscriber base to more than
150,000, making it the online-DVD market leader in Norway, Sweden
and the U.K. "Brafilm is a well-established and respected player in
Scandinavia and has some valuable partnerships, including MSN, TV4
in Sweden, TV2 in Norway and Coop," said Video Island CEO Simon
Calver. "The acquisition provides a solid base for us to expand across
Europe." Video Island, which earlier this year secured £6 million in
venture-capital financing from EVP, has made two other acquisitions
within the last year or so, snapping up ScreenSelect.co.uk in August
2004 and DVDs365 just three months ago.
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