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Sky TV Acquires Assets, Name Of Dvd Rent Biz

Sky Television Acquires Assets And Name Of Dvd Rental Business

SKY Television announced today that it has acquired the assets, including the name, of DVD Unlimited, an online DVD movie rental business based in Nelson. The acquisition is effective from 1 October 2004.

Sandy Webster, of Nelson, pioneered New Zealand’s first online DVD business in late 2003.

John Fellet, SKY Television Chief Executive, said, “Sandy showed great initiative in establishing this business back in 2003. Her knowledge and experience, combined with DVD Unlimited’s comprehensive movie library provides us with the foundation on which to continue to grow a great business”

“We are excited about this new development as it adds a new dimension to our company - further announcements will be made in the near future”, said Fellet.

Sandy Webster, previous owner of the company, said, “I am pleased to have concluded the deal with SKY which will now give my family and I the opportunity to pursue other interests”

From October, the business will be relocated to Auckland, where SKY will continue to operate and service existing customers irrespective of whether or not they subscribe to SKY’s pay television services.

Over time, SKY plans to operate the most comprehensive DVD library in Australasia.

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