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)
Trending On Reuters
Tesla Motors Inc told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car's "Autopilot" system, a person familiar with the meeting told Reuters on Friday. Full Article | Related Story
- Democratic fund-raising group for U.S. Congress candidates confirms hack
- Apple asks U.S. Supreme Court to rule against Samsung over patents
- Hackers hit Vietnam airports with South China Sea messages
- Video: Blind athlete runs desert marathon unassisted using smartphone app
- Alphabet and Amazon wind up stellar quarter for big tech