Lloyds Pays Off Lovefilm Debt To Fund VOD Venture

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Lloyds TSB’s corporate markets division is giving £10.5 million in debt funding to European DVD and games rental service Lovefilm, designed to repay existing debt and invest in VOD technology.

Financed by Arts Alliance Media, Lovefilm merged with Video Island in 2006 to create one of Europe

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Andrew Undershaft

There is a typo in the last paragraph, Lloyds has merged with HBOS (Halifax Bank of Scotland), not RBS (Royal Bank of Scotland). RBS remains independent as a publicly-traded company, at least for now.

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