Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Is, Inc. (AMZN) Getting Into Travel Business And Ad-Supported Online Streaming?, Inc. (NASDAQ:AMZN) is reportedly getting into new sectors like travel business and ad supported streaming services. Amazon’s CEO Jeff Bezos is well known for his idea of venturing in different sectors and create various revenue streams. But how will this new idea of venturing into travel business work, considering the upcoming holiday season and already crowded travel business space. Re/Code Co-Executive Editor, Kara Swisher talked on CNBC about her views on Amazon’s new business. (NASDAQ:AMZN), The Washington Post (NYSE:WPO), Berkshire Hathaway Inc. (NYSE:BRK.A), Apple Inc. (NASDAQ:AAPL)

Swisher said that Bezos keeps trying to do things. She feels that, Inc. (NASDAQ:AMZN) keeps adding more and more services to their portfolio. She pointed out that they sell a lot of stuff and the new venture into travel business stands adjacent to their core business. She agreed that the ad supported streaming service makes a lot of sense, since they have already had a success in that sector with Prime, but she thinks that they have already hit the saturation point with the number of subscribers in Prime.

“[…] There is a lot of other people in that business, FYI. So I think lot of these companies are trying to move into adjacent businesses that they like to like Google getting into document. […] They are getting into each other’s business. Interesting, but there are a lot of very successful already in the travel business,” Swisher said.

Since Prime was supposed to be the common umbrella, where every streaming has to go out from, Inc. (NASDAQ:AMZN), why they have decided to come up with another streaming service? Swisher thinks that, Inc. (NASDAQ:AMZN) are looking for an alternate stream of revenue generation through the new ad supported streaming service. She added that many people might not pay a $99 subscription fee per year to avail services of Prime, since competitors like Netflix, Inc. (NASDAQ:NFLX) offers better services with better shows. She thinks that it is up to the ability of, Inc. (NASDAQ:AMZN) to get better deals for the consumers like movies and shows to enhance the chances of gaining subscribers for their streaming services.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!