Peter Kafka

Recent Posts by Peter Kafka

Amazon Buys European Streaming Movie Service Lovefilm

Amazon, which already owned 42 percent of European Web movie service Lovefilm, has picked up the rest of the company, too. The Financial Times pegs the value of the deal at $312 million. Apparently it’s a legal requirement to describe Lovefilm as “the Netflix of Europe,” so there you go. Netflix itself isn’t in Europe, but international expansion is on the company’s agenda.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work