Video - Friday, June 22, 2007
Netflix Clones A Global Phenom
We note today that through IdeiasVentures, the holding company Ideiasnet (Bovespa: IDNT3) increased its stake from 10% to 25% in Brazil's leading on-line DVD rental company NetMovies. In India, you have Netflix clone India's SeventyMM, which has raised $8M+ in VC funding. In France, its VC-backed Glowria. In South Africa you have PushPlay And in the UK you have both LoveFilm and Video Island. Its CinemaVillage.co.il in Israel.
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