Is Inc. (NASDAQ:AMZN) Over Reacting?

Posted by Kristi Scott November 27, 2013 0 Comment 1746 views

The online retailer, Inc. (NASDAQ:AMZN) is keen on upgrading its streaming video services and chuck the share of viewers from the nation’s most popular online streamer Netflix, Inc. (NASDAQ:NFLX). Amazon’s streaming service now hosts over 150,000 movie titles and TV series episodes exclusively for Amazon Prime members. These titles could be bought, subscribed or rented to stream on Amazon’s own Kindle Fire HD; Apple Inc. (NASDAQ:AAPL)’s iPhone, iPad or iPod touch; Microsoft Corporation (NASDAQ:MSFT)’s Xbox 360 or Sony Corporation (ADR) (NYSE:SNE)’s PlayStation 3 and 4; among others.

Fast Featured Deals

Recently, Inc. (NASDAQ:AMZN) announced to have inked an exclusive content licensing deal with A24, an independent film studio. The move comes as the online retailer continues its quest to expand the archive of movie titles and TV series on its Amazon Prime Instant Video, an online streaming video site.

This deal would help, Inc. (NASDAQ:AMZN) to feature exclusive subscription service and stream all current as well as upcoming movie titles from A24. The recent theatrical releases from A24 include The Spectacular Now, Ginger & Rosa, The Bling Ring and Spring Breakers. Moreover the deal also provides to make its forthcoming releases like The Rover and Under The Skin available on Amazon’s Prime Instant Video, once they are released on DVD and Blu-ray.

Related Updates

Among other updates, Inc. (NASDAQ:AMZN) has also recently inked a deal with PBS Distribution towards securing exclusive web rights of the Downton Abbey’s Season 3. The online retailer has entered into a number of agreements over past four quarters with some of the leading cable networks and almost every major Hollywood studio. These suggest Amazon’s keenness to upgrade and promote its streaming video service.

Analyst Speak

Analysts at Zack Equity Research believe that “Expanding the video archive is one of, Inc. (NASDAQ:AMZN)’s key strategies. The company is spending a considerable amount on licensing deals for movies and TV shows to attract more viewers.”

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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