{"id":370210,"date":"2022-01-09T09:16:22","date_gmt":"2022-01-09T09:16:22","guid":{"rendered":"http:\/\/yorunoteiou.com\/?p=370210"},"modified":"2022-01-09T09:16:22","modified_gmt":"2022-01-09T09:16:22","slug":"amazons-online-film-and-dvd-subsidiary-lovefilm-in-loss-as-costs-soar","status":"publish","type":"post","link":"http:\/\/yorunoteiou.com\/?p=370210","title":{"rendered":"Amazon&apos;s online film and DVD subsidiary LoveFilm in loss as costs soar"},"content":{"rendered":"<h2>Amazon&#8217;s online rental subsidiary LoveFilm slumped into loss last year after mounting costs offset sharp rise in sales<\/h2>\n<p class=\"author-section byline-plain\">By   <\/p>\n<p class=\"byline-section\"><span class=\"article-timestamp article-timestamp-published\"> <span class=\"article-timestamp-label\">Published:<\/span>  17:03 EDT, 21 September 2013  <\/span> | <span class=\"article-timestamp article-timestamp-updated\"> <span class=\"article-timestamp-label\">Updated:<\/span>  06:42 EDT,  <a href=\"http:\/\/hd-lostfilm.design\">\u0413\u0434\u0435 \u043f\u043e\u0441\u043c\u043e\u0442\u0440\u0435\u0442\u044c \u0444\u0438\u043b\u044c\u043c lostfilm<\/a> 22 September 2013  <\/span> <\/p>\n<\/p>\n<div id=\"articleIconLinksContainer\">\n<ul>\n<li class=\"share-facebook-long\"><\/li>\n<li class=\"share-twitter\"><\/li>\n<li class=\"share-pinterest\"><\/li>\n<li class=\"share-flipboard\">  <\/li>\n<li class=\"share-fbmessenger\">  <\/li>\n<li class=\"share-email\">  <\/li>\n<p> &lt;li data-anchor=&quot;tl&quot; data-twitter-status=&quot; website via @ThisIsMoney&quot; data-formatted-headline=&quot;Amazon\\&#039;s online film and DVD subsidiary LoveFilm in loss as costs soar&quot; data-hide-email=&quot;true&quot; data-article-id=&quot;2428018&quot; data-article-channel-follow-button=&quot;ThisIsMoney&quot; data-is-channel=&quot;false&quot; id=&quot;shareLinkTop&quot; class=&quot;share-icons&quot; data-placement=&quot;top&quot; website  <\/li>\n<\/ul><\/div>\n<p> <!-- ad: website --><\/p>\n<div class=\"adHolder column-content cleared\">\n<div id=\"para_top\" style=\"width:638px;margin:0 auto\">var googletag = googletag || ;<\/p>\n<p><b>googletag.cmd = googletag.cmd || [];<\/b><\/p>\n<p><b>googletag.cmd.push(function()<\/b><\/p>\n<p>googletag<\/p>\n<p>.defineSlot(&#8216;\/&#8217; + <a href=\"https:\/\/www.trainingzone.co.uk\/search?search_api_views_fulltext=adverts.config\">adverts.config<\/a>.dfp.networkCode + &#8216;\/dm.dailymailtvhouse&#8217;, [638, 92], &#8216;para_top&#8217;)<\/p>\n<p>.setTargeting(&#8216;pos&#8217;, &#8216;para_top&#8217;)<\/p>\n<p>.setCollapseEmptyDiv(true, false)<\/p>\n<p><strong><u>        .addService(googletag.pubads());<\/u><\/strong><\/p>\n<p><b>    googletag.display(&#8216;para_top&#8217;);<\/b><\/p>\n<p>);<\/p><\/div>\n<\/div>\n<p><font style=\"font-size:1.2em\">Amazon&#8217;s online film and DVD subsidiary LoveFilm slumped into a loss last year after mounting costs offset a sharp rise in sales.<\/font><\/p>\n<p><font style=\"font-size: 1.2em\">The group, which was taken over by the US group in 2010, saw sales jump from \u00a3108.3 million to \u00a3124.4 million last year. <\/font><\/p>\n<div class=\"clear\"> <\/div>\n<p><font style=\"font-size: 1.2em\">But the company officially made a loss of \u00a389.9 million after the cost of investing in digital technology, interest payments on debts and other expenses. The losses meant the group was awarded a \u00a32 million tax credit by HM Revenue and Customs.<\/font><\/p>\n<div class=\"clear\"> <\/div>\n<div class=\"artSplitter\">   <img height=\"407\" width=\"634\" alt=\"Slump: The company officially made a loss of \u00a389.9m after the cost of investing in digital technology, interest payments on debts and other expenses\" class=\"blkBorder\" \/>  <\/p>\n<p class=\"imageCaption\">Slump: The company officially made a loss of \u00a389.9m after the cost of investing in digital technology, interest payments on debts and other expenses<\/p>\n<\/p><\/div>\n<p><font style=\"font-size:1.2em\">In 2010 just before Amazon, which has faced controversy over its low tax bill, acquired the whole company, LoveFilm made a \u00a36.3 million profit on a turnover of \u00a390.6 million and paid\u00a0 \u00a32.5 million in corporation tax.<\/font><\/p>\n<p><font style=\"font-size: 1.2em\">LoveFilm, which has attracted 2 million subscribers in Britain and Germany since its launch in 2004, is pushing into online streaming of films and programmes rather than its original model of DVD rentals.<\/font><\/p>\n<\/p>\n<div class=\"relatedItemsTopBorder\">\u00a0<\/div>\n<div class=\"relatedItems\" data-track-module=\"am-related_items^related_items\" data-track-selector=\"a:not([class*=external])\" data-track-pos=\"static\">\n<h4>More&#8230;<\/h4>\n<ul>\n<li><\/li>\n<\/ul><\/div>\n<p><font style=\"font-size: 1.2em\">A key offering which has proved a huge hit in the US is Under The Dome, based on a science fiction novel by Stephen King.<\/font><\/p>\n<p><font style=\"font-size:1.2em\">It is set in a small town which gets cut off from the rest of the world by a mysterious force field.<\/font><\/p>\n<div class=\"clear\"> <\/div>\n<\/p>\n<div class=\"clear\"> <\/div>\n<\/div>\n<p><!-- ad: website --><\/p>\n<div class=\"adHolder watermark\" style=\"width:636px;height:1px\" id=\"inread_player\">adverts.addToArray(&#8220;pos&#8221;:&#8221;inread_player&#8221;)<span class=\"mol-ads-label-container\"><span class=\"mol-ads-label\">Advertisement<\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amazon&#8217;s online rental subsidiary LoveFilm slumped into loss last year after mou\u2026","protected":false},"author":114406,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[1],"tags":[11411],"_links":{"self":[{"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/370210"}],"collection":[{"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/users\/114406"}],"replies":[{"embeddable":true,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=370210"}],"version-history":[{"count":1,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/370210\/revisions"}],"predecessor-version":[{"id":370211,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/370210\/revisions\/370211"}],"wp:attachment":[{"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=370210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=370210"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=370210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}