Filmnight, a U.K.-based online video/DVD rental operation, has acquired video rental chain Apollo, according to wire service reports.
The combined group will have annual revenues of more than 20 million pounds ($38.3 million and a value of around 8.5 million ($16.3 million).
Filmnight was set up last year by former Electro executive Andrew Bentley and has previously bought Price Storms, an online retailer of DVDs.
“Our new structure is part of our strategy for a complete ‘bricks and clicks’ consumer offer,” said Filmnight CEO Bentley, who will remain executive chairman
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