LoveFilm And MGM Ink Movie Streaming Deal

UK DVD rental service LoveFilm has signed a deal with MGM to allow its customers to watch the Hollywood studio's films online.

The deal will allow LoveFilm customers to stream older MGM movies for free, while the newer titles will be available on pay-per-view basis.

LoveFilm, which offers DVD rental and online movie streaming services across UK, Germany and Scandinavia, will bring around 4,100 MGM titles, including Tarzan, The Philadelphia Story, The Graduate, Thelma & Louise and Quantum of Solace to its customers.

MGM is set to benefit from the deal, as it would allow it get much needed revenue following its near bankruptcy. The studio owes a debt of up to £2.6 billion.

According to LoveFilm, the company will use 85 years worth of MGM titles to expand its 'Watch Online' service.

Speaking to tech news site Tech Watch, LoveFilm CEO Simon Calver, said: “With the digital revolution underway, our opportunity for growth is huge and the addition of MGM titles is a substantial development in enhancing our digital catalogue.”