Amazon Planning Online TV and Movie Subscription Service
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Amazon.com Inc (AMZN
) is in talks with media companies regarding a new online subscription service that would let viewers watch TV shows and movies over the Internet.
Amazon has spoken to companies including NBC Universal, Time Warner (TWX
) and News Corp., (NWS)The Wall Street Journal reported
without naming its sources. Amazon wants to begin by streaming older TV shows and movies.
The move would be a challenge to Netflix Inc (NFLX
), which is working to corner the market in online TV and movie watching.
The new Amazon service would be available on a Web browser, or through devices like Blu-ray players and the Xbox 360 videogame console. Amazon hopes to launch the new service in time for the holiday season.