New York City -- Tesco announced that it has acquired a majority stake in video-on-demand pioneer Blinkbox. The acquisition positions Tesco for the next stage in the Internet-driven revolution in home entertainment, the retailer said.
Blinkbox is the United Kingdom’s leading movie streaming service, offering thousands of titles streamed on the Internet.
Tesco has bought an 80% stake in Blinkbox from Eden Ventures and Nordic Venture Partners.
