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.

Amazon.com, Inc. (AMZN) Ready To Rival Netflix, Inc. (NFLX) On Digital Content

Amazon.com, Inc. (NASDAQ:AMZN) push to expand into other areas of operations, away from its core business has been under immense scrutiny from investors over its lack of profitability. The giant online company is now looking to start creating its own digital content instead of relying on distribution revenue according to Fox Business Deirdre Bolton.

Amazon, is AMZN a good stock to buy, Dana Telsey,

“Amazon.com, Inc. (NASDAQ:AMZN) is coming to a theater near you, the company is going to create and produce movies to be released in theaters. Part of the deal early distribution as well as on Amazon Prime and instant video,” said Mrs.  Bolton.

Mediatech Partners managing partner, Porter Bibb, does not expect Amazon to offer any threat to Hollywood, which releases far more content annually. Netflix, Inc. (NASDAQ:NFLX) and Hulu according to the analyst should be worried the most on the fact that Amazon will be looking to acquire some market share in the video streaming business with its Prime Video service.

Amazon has already indicated plans to produce up to 12 movies annually, which will be made available on its Prime Video, faster than the one-year wait that it usually takes to stream Hollywood releases. Amazon.com, Inc. (NASDAQ:AMZN) will be looking to gain an advantage against Netflix with its standalone internet service that comes bundled with a two-day delivery package at only $99 a year.

“They are going to be small budget art pulse pictures; they are not going to threaten the blockbusters the studios are producing. What this does is cemented Amazon Prime as the titan of streaming videos,” said Mr. Bibb.

Spending on movies is expected to increase Amazon.com, Inc. (NASDAQ:AMZN)’s spending spree to the concern of investors who have continued to question the company’s lack of profitability in recent times. The push to create more content clearly highlights Amazon’s ambition in digital media. It awaits to be seen if the movie business is the missing piece that should lift Amazon from its current woes of suppressed margins.


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.

Loading...