Is Amazon.com pondering a Netflix video-streaming rival? |
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Is Amazon.com pondering a Netflix video-streaming rival?
Is Amazon pondering creating a standalone video-streaming service that will compete with Netflix?
That's what the New York Post is reporting, citing sources that say the Seattle online retailing giant's streaming plan would be different than a paid video-on-demand movie and TV service. Amazon currently offers its Instant Video free with its Amazon Prime $79 unlimited shipping service.
Netflix has been struggling, but the company got a boost this week based on its earnings report.
Netflix shares jumped nearly 15 percent in after hours trading Wednesday following an earnings report that handily beat Wall Street expectations.
The company said its streaming subscriptions grew more than expected as well, hitting 1.9 million.
There has been long-standing speculation that Amazon might be in line to purchase Netflix.
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