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Netflix closes down Red Envelope Entertainment

Netflix has closed down its all-rights acquisitions venture Red Envelope Entertainment (REE) and feature production activities, citing a desire to focus on its core business of online distribution.REE's key staff of four including acquisitions and distribution chief Liesl Copland will be moving on.The division bought more than 120 films during its short life, among them the 2007 Palme d'Or winner 4 Months, 3 Weeks And 2 Days ...

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