Movielink gets snapped up by Blockbuster

In an effort to stay ahead of the movies online business and directly compete with the likes of Apple, Amazon, Walk-Mart and Netflix, Blockbuster has announced that they have purchased Movielink.

Movielink was the first online service to offer legal downloads of both movies and TV shows since it was launched in 2001. Along with the deal, Blockbuster will also be acquiring the rights to show films from Movielinks owners which included Warner Bros, MGM, and Paramount.

Blockbuster is also an investor in CinemaNow who allows streaming of over 400 film, TV and concert videos. This new Movielink deal is going to complement the video chains in store rental, as well as create a way to send movies straight to TV's and computers.

No dollar figures of the deal have been announced as of yet.

Tags: blockbuster, downloads, movielink, movies, netflix, online