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Amazon Considering Live TV Service

Category: General News
Posted: 04:25PM

Rumors indicate that Amazon has engaged in talks with major media companies including CBS and NBC Universal for several months regarding the creation of a online pay-TV service. The service would pair Amazon original content with offerings from other networks, creating an offering to provide consumers with another option for "cutting the cord." Frost & Sullivan analyst Dan Rayburn addressed the rumors stating, "It’s possible Amazon is simply looking at the economics of the business, which would involve them talking with content owners about costs." Rayburn also added that the recent acquisition of Elemental Technologies "provides a platform to deliver live TV over the Web."

Source: Bloomberg

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