Fri Nov 16, 2012, 10:29 PM
onehandle (44,442 posts)
Amazon Losing Up to $1 Billion a Year on Streaming Video
Source: Wall Street Journal
Reed Hastings says that, one day, Amazon will provide real competition for Netflix.
But the Netflix CEO says Jeff Bezos will have to spend a lot of money before that happens: Hastings says Amazon is losing between $500 million and a $1 billion a year as it acquires streaming video content rights.
Hastings says he generated those numbers based on the value of the content deals that Amazon won when the two companies competed head to head. He says he thinks Amazonís costs are split evenly between its U.S. operations and Europe, where it operates the Lovefilm streaming service.
Last month, Netflix said it was on track to spend $2.1 billion on content over the next year.
Read more: http://allthingsd.com/20121116/netflix-ceo-amazon-losing-up-to-1-billion-a-year-on-streaming-video
21 replies, 4056 views
Amazon Losing Up to $1 Billion a Year on Streaming Video (Original post)
|David Zephyr||Nov 2012||#18|
|Bjorn Against||Nov 2012||#16|
|On the Road||Nov 2012||#21|
|high density||Nov 2012||#17|
Response to Kaleva (Reply #1)
Fri Nov 16, 2012, 10:34 PM
Indykatie (789 posts)
3. I Like the Amazon Deal that Comes with Prime Shipping Arrangement
at no additional cost for now. They also have a lot of the older movies streaming unlike Netflix.
Response to Zorro (Reply #5)
Sat Nov 17, 2012, 04:57 AM
Bad_Ronald (265 posts)
10. Yeah, agreed. It's a great value. Along with Netflix, I use my PS3 more for watching streamed
movies and documentaries than for playing games. I just wish that Amazon's streaming service was better organized.
Response to Indykatie (Reply #3)
Sun Nov 18, 2012, 12:11 AM
David Zephyr (22,732 posts)
18. Me, too. Amazon is better than Netflix.
No subscriber fees. And they credited me back for slow streaming when I did not even request it. Plus they are now paying sales tax here in California and hiring. Plus their CEO gave $2 Million to support gay marriage, and for that I am grateful.
Response to Tunkamerica (Reply #9)
Sat Nov 17, 2012, 10:45 PM
Bjorn Against (11,144 posts)
16. There are legal streaming sites out there that are free
The one that comes to me off the top of my head is crackle.com, their selection is more limited than Netflix or Amazon and you have to put up with a few ads but they occasionaly have some good movies on there and it is both free and legal.
Response to crunch60 (Reply #7)
Mon Nov 19, 2012, 01:28 PM
On the Road (20,632 posts)
21. One Way to Locate Streaming Sites for Specific Movies
I can't vouch for the status of the linked sites. Some of the sites also require you to install software, which I usually pass on.
Response to onehandle (Original post)
Fri Nov 16, 2012, 10:54 PM
RKP5637 (35,052 posts)
6. That's what I love about capitalism, everyone works against each other to climb over the
next guy ... and then often we wonder why the country is so F'ed up. And many so damn nasty and hostile ... Often it brings out the worst of the worst, not the best.