Amazon planning movie streaming service?

Posted on Thursday, February 03 2011 @ 6:06 CET by Thomas De Maesschalck

Rumors are spreading that Amazon is working on a film streaming service that will go head-to-head with Netflix. This new project will likely use technology from LOVEFiLM, a European online and postal rental service Amazon acquired a couple of weeks ago.

Apparently Engadget recently spotted a page on Amazon that reportedly said: "Your Amazon Prime membership now includes unlimited, commercial-free, instant streaming of 5,000 movies and TV shows at no additional cost." But it was swiftly taken down.

A source reportedly confirmed to The FT that Amazon has been working on a streaming service, which is perhaps unsurprising given that Amazon has recently bought LOVEFilM for £200m.

Source: Hexus

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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