Tesco reportedly on hunt for buyer for movie and streaming service Blinkbox
Tesco is reportedly planning to sell off movie and streaming service Blinkbox, which it acquired three years ago.
According to the Guardian, the retailer’s new chief executive Dave Lewis has initiated plans for a strategic review of the business in which he intends to seek a buyer.
Lewis, who joined from Unilever earlier this year, has had a tumultuous few weeks at the retailer, after it emerged that it had overstated its profits by £250m, resulting in the suspension of four senior executives.
Lewis was previously president of Unilever president of personal care.
Yesterday Blinkbox group chief operating officer Adrian Letts revealed that the company is poised to launch its first digital locker functionality – having been a member of the UltraViolet digital-locker consortium for several years.
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Blinkbox and Tesco declined to comment.