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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald