According to a new report from Reuters, Amazon plans to increase its investment in the development of new gadgets, and is focusing on devices such as wearables and one-button ordering machines.
Over-the-top video may have disrupted broadcaster and pay-TV operators' business models, but when it comes to original content, SVOD providers Netflix and Amazon are traveling a well-worn path.
Trying its hand at an emerging pay-TV industry strategy of hooking previously uninitiated customers with stripped-down programming packages, AT&T will soon bundle broadband service, a limited number of basic cable channels, HBO and--wait for it--Amazon Prime for $40 a month.
O2 is on the brink of agreeing a deal to become the exclusive seller of Amazon's Fire smartphone in the UK, while separately signalling its intention to sell Motorola's Moto 360 smart watch by opening a registration page for the device.
So what was Amazon thinking when it swooped in and paid $970 million to acquire a streaming platform, Twitch, that lets viewers watch other people play videogames? Like the Zapruder Film or Stonehenge, that's a source of endless, perhaps neverending, speculation.
Amazon's $970 million acquisition of Twitch is one of the most talked-about business deals this summer. How Amazon swooped in and nabbed the live-streaming service after months of talks with Google faltered, and more importantly, why the retail giant bought Twitch, is generating plenty of comment. Much of it is outright confusion.
The senior vice president and chief financial officer for Amazon, Tom Szkutak, announced plans to retire from the online retail giant in June 2015. He will be replaced by Brian Olsavsky, currently VP of finance for the company's global consumer unit.
TV manufacturer Samsung is hoping to boost 4K TV sales by giving consumers a good deal more content to actually watch in 4K, announcing a new deal with Amazon to deliver its original series and some movies in Ultra High Def (UHD, or 4K), starting in October.
Netflix's international expansion is continuing along its planned growth path, with the subscription video on demand provider announcing its first French-produced series, Marseille, slated to premiere in late 2015. Meantime, Amazon is sticking with its pilot-to-series original content model, debuting five new pilots this week for viewers to rate and review.
Looking to reclaim lost video subscriber share from all-you-can-watch online operators like Netflix, Hulu and Amazon, Canadian pay-TV giants Rogers Communications and Shaw Communications have teamed up to launch their own subscription video-on-demand service, shomi.