One of the largest retailers in the US, Amazon.com has planned to launch a video streaming service, which will compete with Netflix Inc directly, said the Financial Times. Amazon is planning to launch its own streaming service with Amazon Prime, a scheme that offers Amazon customers to unlimited free shopping of books and other items sold by the online retailer after paying the fee, the Financial Times said, citing a person with Amazon plans.
Amazon’s has just agreed they are going to buy 58 percent of the British DVD and games rental firm Lovefilm that it does not already own for an undisclosed price. The company didn’t immediately respond to the inquiry from Reuters.
I work for one of the top 10 tech companies in India. In my spare time, I write for PrimeInspiration.com.
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