Lovefilm cuts losses, revenues up
LoveFilm has lowered its pre-tax loss to £934,000 (E1.06m) in 2009, from £7.4 million in 2008, as revenues increased by one third. The online film rental service reported its paying subscriber base was up 29 per cent in 2009 across its markets in the UK, Germany, Norway, Denmark, and Sweden, boosting revenues by 32.9 per […]