Web DVD grows to Sweden

World Brief

UNITED KINGDOM — Arts Alliance Media has acquired a controlling stake in Swedish online DVD rental company Boxman; it already holds a majority stake in U.K. service Lovefilm.

Boxman is Sweden’s second-largest online rental outfit, with 14,000 subs. Lovefilm battles for U.K. market leadership with rival Video Island, both claiming over 100,000 subs.

Howard Kiedaisch, chief financial officer of Arts Alliance, said “With this deal, we will become the largest online rental service available, with a firm international footprint in Europe.”

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