And the competition keeps streaming in. Amazon (Nasdaq: AMZN), which has come a long way from selling books online, is poised to become the next Netflix (Nasdaq: NFLX) with a streaming video service that was supposed to start in mid-February but has been pushed back.
According to the Los Angeles Times, Amazon has been in talks with Hollywood studios (think Universal was among the bunch?) and independent companies about getting content for a movie streaming service. While nothing's happening there, the website has apparently acquired some independently produced movies.
The studio execs, true to form, are more worried about whether Amazon's willing to pay through the nose for the content and whether it will impact DVD sales. You mean they still sell those things? An Amazon spokeswoman, also true to form, declined to comment on the story.
For more:
- the Los Angeles Times has this story
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