In response to a request for ideas made last May, Amazon.com Inc. (NASDAQ: AMZN) and its Amazon Studios received more than 2,000 proposals from which it has now culled six to develop pilot programs for the studio to produce. The six pilot programs, all sitcoms, will be posted to Amazon’s instant video streaming service.
Amazon and streaming video competitor Netflix Inc. (NASDAQ: NFLX) have taken to producing their own content in an effort to slow down the rise in licensing fees the two streaming services have to pay to traditional studios. Netflix signed a $300 million deal for programming from The Walt Disney Co. (NYSE: DIS) beginning in 2016.
The streaming video companies are following the path of cable networks like CBS Corp.’s (NYSE: CBS) Showtime, Time Warner Inc.’s (NYSE: TWX) HBO, and Liberty Media Corp.’s (NASDAQ: LMCA) Starz, which all got their start broadcasting licensed contents but have since made the move to original programming in an effort to retain more profit.
Paul Ausick
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
