Amazon's online film and DVD subsidiary LoveFilm in loss as costs soar

Amazon’s online rental subsidiary LoveFilm slumped into loss last year after mounting costs offset sharp rise in sales By <br> Published: 17:03 EDT, 21 September 2013 | Updated: 06:42 EDT, 22 September 2013 <br><br> <br> var googletag = googletag || ;
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); <br><br><br>Amazon’s online film and DVD subsidiary LoveFilm slumped into a loss last year after mounting costs offset a sharp rise in sales.<br /><br><br>The group, озвучка lostfilm онлайн which was taken over by the US group in 2010, saw sales jump from £108.3 million to £124.4 million last year. <br /><br> <br>But the company officially made a loss of £89.9 million after the cost of investing in digital technology, interest payments on debts and other expenses. The losses meant the group was awarded a £2 million tax credit by HM Revenue and Customs.<br> Slump: The company officially made a loss of £89.9m after the cost of investing in digital technology, interest payments on debts and other expenses<br> <br>In 2010 just before Amazon, which has faced controversy over its low tax bill, acquired the whole company, LoveFilm made a £6.3 million profit on a turnover of £90.6 million and paid  £2.5 million in corporation tax.<br /><br><br>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.<br><br><br>  More… <br>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. <br /><br><br>It is set in a small town which gets cut off from the rest of the world by a mysterious force field.<br> <br> <br>
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