Amazon developing pay-TV streaming service - report
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)
- Tweet this
- Share this
- Digg this
- Russia can run on empty for a year if sanctions block new bonds
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Apple says celebrity photo breach targeted, not due to its systems
- Actress Jennifer Lawrence contacts authorities after nude photos hacked
- Nasty, brutish and artsy? Neanderthal hashtag engraving found
China's latest antitrust probes, which have hit firms such as Microsoft and Volkswagen AG, are not protectionist tools that favour domestic firms, an official of the country's price regulator told the official China Daily. Full Article
Data scientists are increasingly becoming important to the world's tech companies. Video