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Tesco was losing GBP 40 mln a year at Blinkbox

Monday 23 February 2015 | 09:47 CET | News
UK supermarket chain Tesco lost over GBP 40 million in the year to 28 February 2014 from its attempt to break into the music and film streaming markets with its Blinkbox services, reports the Telegraph. New accounts filed at Companies House show that Blinkbox Music's pre-tax losses swell to GBP 12.5 million in 2014 from GBP 4.6 million a year earlier, while losses at Blinkbox Entertainment (film, TV series) widened to GBP 29.5 million. The first has been sold to Guvera for GBP 5 million and the second to TalkTalk for about GBP 25 million. Tesco said it will close Blinkbox Books, putting 60

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Categories: Internet
Companies: Blinkbox / Guvera / TalkTalk / Tesco
Countries: United Kingdom
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