Amazon to Launch New Video Streaming Service

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By Reuters | Updated: 24 November 2014 09:27 IST
Online retailer Amazon.com Inc will release a new ad-supported video streaming service early next year, the New York Post reported, citing sources.

The service will be separate from the company's $99-a-year Prime membership, which includes a video service, the Post reported.

The Post did not say if the new service would be free or chargeable. Amazon's Prime service costs $99 a year.

Amazon was not immediately available for comment.

The new service will compete directly with Hulu and Netflix Inc, whose charges start at $7.99 a month for customers in the United States.

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Though the new service will be separate from Prime, ultimately Amazon plans to lure more users and eventually get them to sign up for Prime, the Post said.

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© Thomson Reuters 2014

 

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