New York – Amazon.com (NASD: AMZN) is developing a TV episode and movie
streaming subscription service to compete with Netflix’s (NASD: NFLX) similar offering, The
Wall Street Journal reported, citing people familiar with the matter.
The
service is expected to be included as a bundle with Amazon Prime, the company’s
premium shipping service, which currently costs $79 annually.
Along with
Amazon, The Journal reports that media companies have spoken with both
Microsoft (NASD: MSFT) and Sony (NYSE: SNE) about their respective plans to offer video subscription
services.
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(WSJ)
