Amazon and Amazon Prime Video: Amazon’s latest push to dominate the video-streaming world
Amazon and its video partners are gearing up for their most aggressive push yet to compete with Netflix, which is still in its infancy.
The company said Wednesday that it will invest $100 million in the streaming giant to create a new video-delivery service called Amazon Prime, which would be available as a service to its users.
Amazon will also make its own video-on-demand service called Prime Video, Amazon said, which will have a different business model.
Amazon said Prime Video will be available to customers starting in 2018.
Amazon, which also offers a video-by-mail service called My Video, also said it would open an online marketplace for video content, called Prime Music.
It also said Prime Music would allow users to upload music to Amazon Prime Music for free, and that users could download their favorite videos to their devices through the Amazon Cloud Player.
Amazon Prime also said that the service would be a subscription service, and not a free-to-use subscription service.
Amazon also said in a statement that Prime Video would not require any extra subscriptions.
Prime Video is expected to debut in the first half of 2020, with a wide range of video- and music-based offerings.
The service is expected be more expensive than other video services.
Amazon has also been aggressively expanding its video business.
Last month, it announced that it had acquired the rights to stream more than 250 movies, including films by Quentin Tarantino and James Cameron, and said it will add more than 1,000 movies and television shows to its catalog in 2018, as well as a slate of new titles from Netflix.
Amazon CEO Jeff Bezos (L) and Amazon Studios Chief Creative Officer Amy Pascal talk at a studio presentation in New York.
(Andrew Harnik/Associated Press) Bezos also announced that he and the two other founding Amazon directors, Paul Allen and Robert Iger, will lead a new company called Bezos Media.
Amazon is seeking to become a leader in online video, which has grown at a rapid pace in recent years.
The companies recently launched Prime Video to offer the same service for consumers.
Bezos Media said in an announcement Wednesday that Amazon Prime will be delivered via video and will be able to be viewed on tablets, smartphones and other devices.
Amazon’s online video service, Prime Video (pictured), will offer a video subscription option that will be similar to that offered by Netflix, the company said.
Bezos said in the announcement that Prime will allow consumers to enjoy the movies they watch online and in their homes with a subscription plan that allows them to watch a movie once every 24 hours.
Prime is available to Amazon customers who have an Amazon Prime membership.
Bezos also said the company is developing a streaming service that will compete directly with Netflix.
The two companies have been trying to establish a relationship in the video space for a few years now.
Last year, Bezos purchased a controlling stake in Netflix.
In March, Bezos and Amazon CEO and chairman Jeff Bezos unveiled a plan to build a new television streaming service called Starz.
The streaming service will offer an on-demand streaming experience for Prime Video users, which Bezos said will offer more choices and more quality.
The new streaming service, which was initially planned for launch later this year, will not include Amazon’s existing Prime video service.
Bezos and his partners are hoping that Starz will be a game-changer for online video.
Amazon made it clear that the two companies would continue to work together, however.
Bezos told The Wall Street Journal in a recent interview that the company hopes Starz can provide a better service than Prime Video.