Netflix is a big threat to Lovefilm

Last Tuesday Netflix announced that in just two quarters and two countries, Netflix has gathered an online customer base equal to half of that which Lovefilm, which also rents out DVDs and games, has amassed in five countries and over a decade. Netflix launched in the UK & Ireland just six months ago and already has one million members and it’s growing fast, they don’t even have an office in the UK. Lovefilm claims two million subscribers and won’t disclose subscriber count for its Lovefilm Instant streaming tier, which it launched alongside Netflix in January. Netflix likely already has more streaming-only customers than Lovefilm does