Amazon axes DVD rentals due to 'decreasing demand'

has come under fire from rural customers after scrapping its popular DVD delivery service

The tech giant announced its Lovefilm By Post DVD rental service will be axed from October 31st due to a ‘decreasing demand’ for the discs and a growing number of customers who were streaming instead.

But the move has irritated many rural subscribers, who said the closure was ‘upsetting and unnecessary’ for people with poor internet.

Tech giants Amazon have announced its Lovefilm By Post DVD rental service will be axed from October 31st due to a ‘decreasing demand

Tech giants Amazon have announced its Lovefilm By Post DVD rental service will be axed from October 31st due to a ‘decreasing demand

10 years ago

One user said: ‘I rent titles for my elderly mother who has no internet and unable to stream content.Removing the service is upsetting and unnecessary’

Another wrote: ‘#Amazon closing #lovefilm is a disaster for those of us with rural internet that barely streams anything and film tastes beyond Hollywood.’

Other fans of the service argued that a wider range of films is available to rent on DVD and Blu-ray.

One wrote: ‘upset LoveFilm is closing.You have rubbish content for streaming in comparison to DVDs and our internet not good enough anyway.’ While another said: ‘Irksome since my Internet connection sucks, so can’t stream. And it takes too long for new releases to come out on free streaming anyway.’

For a monthly subscription fee, Lovefilm customers could receive a DVD or 2022 сериалы онлайн lostfilm Blu-ray disc of their choice via post that they would send back once watched.

The rise of streaming services is being blamed for the closure of Lovefilm. Rural subscribers to the service have spoken of their dismay that it will no longer be available

The rise of streaming services is being blamed for the closure of Lovefilm.Rural subscribers to the service have spoken of their dismay that it will no longer be available

The move to close Lovefilm comes six years after Amazon took full control of the service in a deal that was seen at the time as an attempt to protect itself against the rise of streaming rival Netflix.

Lovefilm was founded in 2002 and had more than 1.4m subscribers by the time it was acquired by the US tech giant.

In an email to customers yesterday, Amazon said: ‘We have very much enjoyed delivering the Lovefilm By Post service to our customers.

‘However, over the last few years we have seen a decreasing demand for DVD and Blu-ray rental as customers increasingly move to streaming.

‘Due to this, we will be closing the Lovefilm By Post business on 31st October 2017.We are committed to finding alternative roles for all Lovefilm employees within Amazon.’ 

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Germany's ProSiebenSat.1 sees 2019 earnings fall, but sticks to…

FRANKFURT, March 7 (Reuters) – German broadcaster ProSiebenSat.1 Media said its earnings would fall mainly in the second and third quarters of 2019, as it expenses investments in its entertainment business.

But Munich-based ProSieben, which is diversifying into e-commerce to offset weakness in its core commercial TV business, stuck to its November guidance that revenues would grow by mid-single digits in 2019 with core profit margins of 22-25 percent.

CEO Max Conze, who joined in June from British home appliances maker Dyson, has shaken up the management but has yet to persuade investors he can compete with streaming giants like Netflix.

Shares in the media company, which reported flat fourth-quarter revenues, have fallen by more than a third since Conze took up his post.The stock was indicated to open up 1.7 percent.

Conze said in a statement that “2018 was not a year we can be satisfied with as the weakness in TV advertising was not yet sufficiently counter-balanced with digital and commerce growth.”

“Nevertheless, we kicked off the critical transformation to be a digital, diversified entertainment to commerce champion and the start into 2019 is showing encouraging signs of progress,” he said.

ProSieben, which is investing to refresh a catalogue that had been heavy with U.S.serials, said it would expense the costs mainly in the first three quarters of 2019 with a focus on the second and third quarters, which would lead to “a pronounced decline in earnings.”

ProSieben confirmed guidance it gave investors in November for mid-single-digit percentage growth in revenues in 2019 and an adjusted earnings before interest, taxation, серіали 2022 онлайн depreciation and amortization (EBITDA) margin of 22-25 percent.

Conze said he was focused on the launch of ProSieben’s joint video streaming venture with Discovery this summer, as well as other initiatives.(Reporting by Douglas Busvine Editing by Tassilo Hummel and Edmund Blair)