Blinkbox: Tesco Rebuffs Reports of its Video Streaming Service Shutting Down

Following speculation earlier this week that blinkbox was about to be sold or shut down by Tesco, the founder of the streaming service says it is “still here” and still “hugely accessible”. […] A report in The Times this week suggested that CEO Dave Lewis has already informed senior Blinkbox staff of his decision to try and sell the company when he visited the media division’s offices in London last week. However, the Blinkbox apps, which now include music and books as well as video, are all pre-installed on the Hudl 2 that will go on sale on 8 October, suggesting reports of the demise of the service are premature. Blinkbox is said to have cost Tesco hundred of millions of pounds during the reign of previous CEO Philip Clarke, and The Times report suggested Lewis was ready to shut the service down entirely if a buyer could not be found. – David Gilbert,International Business Times
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