Amazon Signs Up More Studios And Adds A Ton Of Movie & TV Content
Amazon (NASDAQ:AMZN) continues to work hard to make all popular digital content available on its music/video streaming platforms. Last month, it signed licensing deals with two major studios – MGM and Paramount – to add a wide range of movies and TV shows to its Amazon Prime Instant Video streaming service. [1]
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Amazon Prime now has thousands of movie titles and TV shows available online. It added many titles this year, including content from Discovery and Viacom.
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It continues to add additional features to Amazon Prime Instant Video, which makes it easier for users to discover and watch content. It added apps to the Sony Playstation 3 and the Microsoft Xbox 360 earlier this year, making its content available to a wider user base. It may also launch Instant Video on Nintendo’s Wii U later this year.
We expect Amazon to eventually launch its Instant Video app on smartphone platforms like iOS and Android too, and become one of the major cross-platform media content services.
Digital content is expected to drive sales for the e-commerce giant in the coming years.
We currently have a $222 Trefis price estimate for Amazon which stands near its market price. Amazon competes primarily with Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and streaming content providers like Netflix (NASDAQ:NFLX) in the online video streaming space.
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Notes:- Amazon beefs up Prime Instant Video catalog with MGM, Paramount films, Digital Trends [↩]