Amazon.com Teaming Up With Viacom to Stream Video, Compete With Netflix
Yesterday we posted a story about Redbox and Verizon Wireless collaborating on a new streaming movie service to compete with Netflix. Well, it looks like they're not the only ones.
According to the Huffington Post, Amazon.com and Viacom are teaming up to provide a subscription-based video streaming service (to compete with Netflix) as well. Official announcement of this partnership could come as early as this week.
Currently, Amazon offers streaming video through it's "Amazon Prime" program, but this new partnership would provide a new standalone service, completely separate from "Prime."
Viacom, which owns TV shows and movies from MTV Networks, Nickelodeon and Paramount Studios, would be the latest of several partners Amazon has made deals with for its Prime Instant Video service. So far, major studios such as CBS Corp, Time Warner Inc's Warner Bros, News Corp's Fox, Sony Corp, Comcast Corp's NBC Universal and Walt Disney Co have licensed programming to the retailer.
[via HuffPost Tech.]
Ever since Netflix nearly doubled it prices (and it's stock plummeted), it seems like everyone is keen to gobble up the company's customers. Talk about kicking Netflix while it's down!