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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: