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Netflix and Amazon’s Lovefilm grew 120 percent in the U.K. last year

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Home entertainment revenues have been on a steady decline in the U.K. since 2008, but in 2013, that trend got reversed by Netflix (S NFLX) and Amazon’s (S AMZN) Lovefilm, according to a report from the Guardian. Video subscription services like Netflix and Lovefilm grew 120 percent last year, the paper said, quoting a recent report by the British Entertainment Retailers Association. Digital music services like Spotify and Deezer also fared well, growing 34 percent, but physical media sales were down 8 percent, and now only make up 40 percent of the home entertainment market.