Amazon said to be plotting streaming video service

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

Related articles:
Competition? Amazon goes all-in with firm called the 'Netflix of Europe'
Amazon, Best Buy and Borders shake up the mobile app store landscape - 2011 predictions

Suggested Articles

Comcast/NBCUniversal is reportedly shifting around its management team ahead of the company’s high-profile launch of Peacock.

In recent years, a number of factors have shifted the video services landscape, including the introduction and explosive growth of OTT services.

Streaming TV services like AT&T TV Now (formerly DirecTV Now) could soon be considered “effective competition” for cable operators like Charter.