Amazon Allegedly Moving into Connected and Smart TV

Posted by Richard Kastelein in Breaking News on September 01, 2010  |  0 Comments More from this author  |    |  Follow Richard Kastelein on: Facebook | LinkedIn | Twitter | YouTube

According to a report in The Wall Street Journal, Amazon (AMZN.O) has approached media companies including Time Warner Inc. with plans to start an online video subscription service to rival Netflix Inc. and it would be accessible via the web as well as devices such as Smart and Connected TVs, Blu-ray players, and the Xbox game console. It has been pitched to media giants News Corp., Time Warner, Viacom, and NBC Universal, according to The Journal and is reportedly planning a new subscription service that will send television shows and movies over the Internet and Connected and Smart TV's. The service will comprise older films and TV shows and will be sold for a monthly fee.

The WSJ reports:

Amazon's subscription push is a challenge to rivals such as Netflix Inc. and Google Inc. as they race to dominate digital delivery of TV shows and films, encroaching on turf traditionally controlled by cable- and satellite-television providers.

Apple Inc. is also pushing more deeply into TV, and plans to announce 99-cent rentals of television shows through its iTunes store from News Corp.'s Fox and Walt Disney Co.'s ABC as early as Wednesday, according to people familiar with the matter.