) streaming video site, Amazon Instant Video, announced that it
has teamed up with Samsung Electronics Co. Ltd. and major
Hollywood studios and TV programmers, including Warner Bros.,
Lionsgate, 20th Century Fox, Discovery and others, to provide its
customers with a library of 4K Ultra HD choices.
This news comes following the announcement that Amazon's film
and TV production division, Amazon Studios, plans to shoot all of
its 2014 original series, both comedies and dramas, using 4K
4K Ultra HD is the latest and most advanced technology in HD
video. It offers contents with horizontal resolution to the order
of 4,000 pixels. The use of horizontal resolution technology is a
qualitative shift from the vertical resolution offered by older
HDTV technology. The technology will significantly enhance the
video with unprecedented picture clarity and sound quality as
they have four times as many pixels on screen as HD TVs.
The deal defines Amazon's commitment to provide customers with
extensive content in 4K Ultra HD space, giving them the best
viewing experiences at home. It could be said that Amazon's deals
with Hollywood studios will likely make it a leader in 4K Ultra
HD and fulfill the desire of consumers who own 4K TV hardware but
do not have much of content to watch.
Amazon continues to see attractive growth rates, which is
commendable given its size and market position. This has only
been possible because of its extensive investments in areas of
growth including streaming content, tablets and cloud computing.
We believe Amazon's continued investment in new technologies such
as 4K, will help it to be a leader in these market segments.
Amazon is one of the major players in an extremely
fast-growing market and has shown strong revenue growth in the
last reported quarter. The company posted revenues of $17.09
billion, up 8.8% sequentially and 23.8% from the year-ago
quarter. Its leadership in the 4K Ultra HD market will likely
translate into higher revenues due to the increasing consumer
adoption for the new HD format.
Currently, Amazon's shares sport a Zacks Rank #1 (Strong Buy).
Other stocks that are performing well include
, Netflix Inc.
). Both these stocks carry a Zacks Rank #1.
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