Rakuten Buys Way Into European VOD
The Japanese e-commerce giant is acquiring Spanish TV and movie streaming service Wuaki.tv. Barcelona-based Wuaki.tv has content licenses from Hollywood and domestic movie and TV studios for DTO and rental access, offered over the internet and to connected TVs on which Wuaki.tv is present. A “Spanish Netflix” might be one short-hand description. Rakuten already owns the e-commerce marketplaces Buy.com of the U.S., PriceMinister of France, Ikeda of Brazil and Tradoria of Germany. Last year, it acquired UK physical entertainment retailer Play.com and the Kobo e-reader and e-book store company.