Amazon developing pay-TV streaming service - report

Wed Jan 22, 2014 6:33am IST

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012. To match Special Report TAX-AMAZON REUTERS/Leonhard Foeger

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012. To match Special Report TAX-AMAZON

Credit: Reuters/Leonhard Foeger

Related Topics

Stocks

   

REUTERS - Amazo.com Inc (AMZN.O) is in the early stages of developing a pay-TV streaming service with live programming, according to a report in The Wall Street Journal.

Amazon approached at least three media companies, according to people familiar with the matter, the Journal reported.

A representative for Amazon said, "We continue to build selection for Prime Instant Video and create original shows at Amazon Studios, but we are not planning to license television channels or offer a pay-TV service."A

Amazon now offers on-demand TV shows and movies free to customers who are members of Amazon's premium shipping service Prime.

The world's largest online retailer is joining the ranks of several other companies including Sony (6758.T) that are trying to own the living room with TV programming piped through the Internet. Intel (INTC.O) tried as well, though it scrapped its ambitions and sold its project to Verizon (VZ.N) earlier on Tuesday for an undisclosed sum.

(Reporting by Jennifer Saba in New York; Editing by Bernard Orr)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

TECH WRAP

Reuters Showcase

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

Nuclear Group

Nuclear Group

China urges India to take steps to satisfy standards of NSG  Full Article 

India’s Male Tenor

India’s Male Tenor

India’s lone male tenor wants to ‘Indianise’ opera  Full Article 

Facebook Outage

Facebook Outage

Hacker group claims it is behind outages at Facebook, other sites  Full Article 

U.S. Blizzard

U.S. Blizzard

`Life-threatening' blizzard shuts down much of U.S. Northeast  Full Article 

Australian Open

Australian Open

Berdych ends Nadal tyranny on day of shocks  Full Article 

Fashionable Modi

Fashionable Modi

When Modi met Obama, his name was all over - his suit  Full Article 

Photo

Auschwitz Anniversary

Last survivors recall Auschwitz, ask if lessons learned  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage