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Video Island is to merge with Lovefilm to create a combined DVD rental group valued at about £80m.
Video Island is to acquire Brafilm for undisclosed terms, in order to expand its online DVD rental business into Sweden and Norway.
Video Island has raised £5m from venture debt provider EVP to fund the expansion of its DVD rental service.
Video Island is to merge with Screen Select to create the country's largest online DVD rental company.
Video Island has secured £6m of private equity to fund the expansion of its online DVD rental service.