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Amazon developing pay-TV streaming service - report
January 22, 2014 / 1:07 AM / 4 years ago

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.

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

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

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