Amazon Signs Deal with Viacom for Streaming Content (AMZN, NFLX, VIAB, CBS, TWX, NWS, SNE, CMCSA, DIS)
In yet another move aimed to boost its position in the streaming video space, Amazon.com (NASDAQ: AMZN) has signed a deal with Viacom Inc. (NASDAQ: VIAB), adding the owner of MTV and Comedy Central to Amazon’s existing stable of content…
In yet another move aimed to boost its position in the streaming video space, Amazon.com (NASDAQ: AMZN) has signed a deal with Viacom Inc. (NASDAQ: VIAB), adding the owner of MTV and Comedy Central to Amazon’s existing stable of content providers. These include CBS Corp. (NYSE: CBS), Time Warner Inc. (NYSE: TWX), News Corp. (NASDAQ: NWS), Sony Corp. (NYSE: SNE), Comcast Corp. (NASDAQ: CMCSA), and Walt Disney Co. (NYSE: DIS).
Like all its other agreements, Amazon’s deal with Viacom is another direct assault on Netflix Inc. (NASDAQ: NFLX), the staggering leader in the streaming video space. The Viacom deal brings Amazon’s number of streaming titles to around 15,000.
Amazon is believed to be preparing for a subscription service similar to the Netflix offering. Currently Amazon offers streaming content free to subscribers to its $79/year Amazon Prime service.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.